BALANCE  SHEETS  OF  THE  PUBLIC  UTILITIES  OF 
THE  DISTRICT  OF  COLUMBIA 


LETTERS 

FROM  THE  t/ 

CHAIRMAN  OF  PUBLIC  UTILITIES  COMMISSION 
OF  THE  DISTRICT  OF  COLUMBIA 

TRANSMITTING 


THE  BALANCE  SHEETS  FOR  THE  YEAR  ENDED 
DECEMBER  31,1916,  AND  OTHER  INFORMATION 
REQUIRED  BY  THE  PUBLIC  UTILITIES  COM- 
MISSION  OF  THE  VARIOUS  UTILITIES 
UNDER  ITS  JURISDICTION 


WASHINGTON 

GOVERNMENT  PRINTING  OFFICE 
19J7 

- ■■■■ — 


BALANCE  SHEETS  OF  THE  PUBLIC  UTILITIES  OF 
THE  DISTRICT  OF  COLUMBIA 


LETTERS 


FROM  THE 


CHAIRMAN  OF  PUBLIC  UTILITIES  COMMISSION 
OF  THE  DISTRICT  OF  COLUMBIA 


TRANSMITTING 


THE  BALANCE  SHEETS  FOR  THE  YEAR  ENDED 
DECEMBER  31,  1916,  AND  OTHER  INFORMATION 
REQUIRED  BY  THE  PUBLIC  UTILITIES  COM- 
MISSION OF  THE  VARIOUS  UTILITIES 
UNDER  ITS  JURISDICTION 


WASHINGTON 

GOVERNMENT  PRINTING  OFFICE 
1917 


Digitized  by  the  Internet  Archive 
in  2017  with  funding  from 

University  of  Illinois  Urbana-Champaign  Alternates 


https://archive.org/details/balancesheetsofp00publ_0 


o 


D b i P 

Ol-b 


LETTERS  OF  TRANSMITTAL. 


Public  Utilities  Commission, 

Washington , February  5,  1917 . 
The  Speaker  of  the  House  of  Representatives, 

Washington,  I).  C. 

Sir:  In  accordance  with  paragraph  14  of  section  8 of — 

an  act  making  appropriations  to  provide  for  the  expenses  of  the  Government  of  the 
District  of  Columbia  for  the  fiscal  year  ended  June  thirtieth,  nineteen  hundred  and 
fourteen,  and  for  other  purposes — 

approved  March  4,  1913,  which  reads  as  follows: 

That  the  accounts  shall  bfe  closed  annually  on  the  thirty-first  day  of  December,  and 
a balance  sheet  of  that  date  promptly  taken  therefrom.  On  or  before  the  first  day  of 
February  following  such  balance  sheet,  together  with  such  other  information  as  the 
commission  shall  prescribe,  verified  by  an  owner  or  officer  of  the  public  utility,  shall  be 
filed  with  the  commission,  and  a copy  thereof  transmitted  to  Congress — 

I have  the  honor  to  forward  herewith  the  balance  sheets  for  the 
vear  ended  December  31,  1916,  and  other  information  required 
Dy  the  Public  Utilities  Commission  of  the  various  utilities  under  its 
jurisdiction. 

The  following  is  a list  of  the  reports  received  on  or  before  February 
1,  1917: 

The  Capital  Traction  Co. 

East  Washington  Heights  Traction  Railroad  Co. 

Washington  Gas  Light  Co. 

Georgetown  Gas  Light  Co. 

Barnett  Taxicab  Co. 

Terminal  Taxicab  Co. 

The  Washington  Market  Co. 

Washington  Missionary  College. 

Union  Transfer  Co. 

In  addition,  there  are  transmitted  affidavits  of  the  following  com- 
panies, certifying  that  they  are  unable  to  furnish  the  required  report 
within  the  time  fixed  by  law : 

City  & Suburban  Railway  of  Washington. 

r Georgetown  & Tennallytown  Railway  Co. 

Washington  Railway  & Electric  Co. 

Potomac  Electric  Power  Co. 

The  Chesapeake  & Potomac  Telephone  Co. 

Postal  Telegraph-Cable  Co. 

Western  Union  Telegraph  Co. 

Washington  Interurban  Railroad  Co. 

Washington  & Maryland  Railway  Co. 

Auto  Livery  Co. 

Federal  Taxicab  Co. 

Semmes  Motor  Line  (Inc.). 

Amendments  by  Congress  to  the  act  creating  the  Public  Utilities 
Commission  have  removed  the  following  street  railways  from  the 

9 


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4 


LETTERS  OF  TRANSMITTAL. 


jurisdiction  of  this  commission,  as  they  operate  principally  outside  of 
the  District  of  Columbia: 

Washington-Yirginia  Railway  Co. 

Washington  & Old  Dominion  Railway  Co. 

Great  Falls  & Old  Dominion  Railway  Co. 

The  following  operators  of  motor-bus  lines  to  whom  permission  has 
been  granted  by  this  commission  to  operate  within  the  District  of 
Columbia  have  discontinued  their  services  as  far  as  information  can 
be  obtained,  and  have  consequently  submitted  no  annual  reports: 

Louis  Jackson. 

Henry  Sew  all  and  Stewart  A.  Geibhart. 

James  M.  Swain. 

Ernest  C.  Eschinger. 

Miss  Beatrice  A.  Rudes. 

Very  respectfully, 

C.  W.  Kutz,  Chairman. 


Public  Utilities  Commission, 

Washington , March  2,  1917. 
The  Speaker  of  the  House  of  Representatives, 

Washington , D.  C. 

Sir:  In  accordance  with  paragraph  14  of  section  8 of — 

an  act  making  appropriations  to  provide  for  the  expenses  of  the  government  of  the 
District  of  Columbia  for  the  fiscal  year  ended  June  thirtieth,  nineteen  hundred  and 
fourteen,  and  for  other  purposes — 

approved  March  4,  1913,  which  reads  as  follows: 

That  the  accounts  shall  be  closed  annually  on  the  thirty-first  day  of  December, 
-and  a balance  sheet  of  that  date  promptly  taken  therefrom.  On  or  before  the  first 
•day  of  February  following  such  balance  sheet,  together  with  such  other  information 
as  the  commission  shall  prescribe,  verified  by  an  owner  or  officer  of  the  public  utility, 
shall  be  filed  with  the  commission,  and  a copy  thereof  transmitted  to  Congress — 

K have  the  honor  to  forward  herewith  the  balance  sheets  for  the  year 
fended  December  31,  1916,  which  were  received  by  this  commission 
subsequent  to  February  1,  1917. 

The  following  is  a list  of  the  reports  which  are  transmitted 
herewith : 

Auto  Livery  & Federal  Taxicab  Co. 

Auto  Livery  Co. 

City  & Suburban  Railway  of  Washington. 

Federal  Taxicab  Co. 

Georgetown  & Tenallytown  Railway  Co. 

Postal  Telegraph-Cable  Co. 

Potomac  Electric  Power  Co. 

Semmes  Motor  Line  (Inc.). 

Washington  Interurban  Railway  Co. 

Washington  Railway  & Electric  Co. 

Reports  of  the  following  companies  will  be  transmitted  as  soon 
~as  received: 

The  Chesapeake  & Potomac  Telephone  Co. 

Washington  & Maryland  Railway  Co. 

Western  Union  Telegraph  Co. 

Very  respectfully, 


C.  W.  Kutz,  Chairman. 


LETTERS  OF  TRANSMITTAL. 


5 


Public  Utilities  Commission, 

Washington , April  5,  1917.. 
The  Speaker  of  the  House  of  Representatives, 

Washington , D.  C.. 

Sir:  In  accordance  with  paragraph  14  of  section  8 of — 

an  act  making  appropriations  to  provide  for  the  expenses  of  the  government  of  the 
District  of  Columbia  for  the  fiscal  year  ended  June  thirtieth,  nineteen  hundred  and 
fourteen,  and  for  other  purposes — 

approved  March  4,  1913,  which  reads  as  follows: 

That  the  accounts  shall  be  closed  annually  on  the  thirty-first  day  of  December, 
and  a balance  sheet  of  that  date  promptly  taken  therefrom.  On  or  before  the  first 
day  of  February  following  such  balance  sheet,  together  with  such  other  information 
as  the  commission  shall  prescribe,  verified  by  an  owner  or  officer  of  the  public  utility, 
shall  be  filed  with  the  commission,  and  a copy  thereof  transmitted  to  Congress — 

I have  the  honor  to  forward  herewith  the  balance  sheets  for  the  year 
ended  December  31,  1916,  which  were  received  by  this  commission 
subsequent  to  March  2,  1917. 

The  following  is  a list  of  the  reports  which  are  transmitted  here- 
with completing  the  reports  for  the  year  1916: 

Western  Union  Telegraph  Co. 

Washington  & Maryland  Railway  Co. 

The  Chesapeake  & Potomac  Telephone  Co. 

• Very  respectfully, 


C.  W.  Kutz,  Chairman .. 


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V 


BALANCE  SHEETS  OF  THE  PUBLIC  UTILITIES  OF  THE  DISTRICT 
OF  COLUMBIA  FOR  THE  YEAR  ENDED  DECEMBER  31,  1916. 


AUTO  LIVERY  CO.  AND  FEDERAL  TAXICAB  CO.  (COMBINED). 


Earnings  and  expenses. 

aings : 

Motor  car  earnings $127,  970.  38 

Miscellaneous  earnings 5,  213.  95 


Total  earnings $133, 184.33 

lenses : 

Vehicle  operation — . 

salaries,  operating  office * 22,  615. 10 

Chauffeurs’  wages 17, 416. 10 

Gasoline 13,  864. 31 

Lubricants 821. 93 

Tires 6,  997.  77 

Garage  operation,  light,  heat,  and  power 1,  229. 20 

Maintenance  — 

Body  repairs,  materials 585.  70 

Motor  car  accessories  and  sundries 2,  809. 69 

Rent  and  insurance — 

Rent  proportion 2,  775. 46 

Insurance  other  than  on  buildings 8,  209. 79 

Taximeters,  rental 1,  614. 30 

Licenses  and  taxes 915.  36 

Commissions 15,  460. 75 

General  expenses — 

Salaries  ot  officers 7,500.00 

Telephone 652 . 44 

Stationery  and  postage 522.  55 

Advertising 1,  490.  61 

Freight  and  expressage . 124.  61 

Miscellaneous 6,045.11 

Reserves  — 

Motor  cars,  equipment,  and  repair  stock,  deprecia- 
tion   14,  964. 34 

Bad  debts 121. 70 


Total  expenses 126, 736. 82 


Earnings  less  expenses 6, 447. 51 

Current  operating  profit,  motor  department 6, 447. 51 

Additions  to  income: 

Interest  on  deposits 178. 55 

Discounts  earned 1, 129. 74 


Total  income 7, 755. 80 


Balance,  credit 


Corporate  surplus  (or  deficit)  account. 

DEBIT. 


$70,  761. 74 


CREDIT. 

Balance  as  of  Dec.  31,  1915 

Balance  from  income  account 


63, 005. 94 
7,  755.80 


Total 


70,  761.  74 

7 


8 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA, 


Balance  sheet. 


ASSETS. 

Plant  and  equipment: 

Office  furniture  and  fixtures $964.  44 

Motor  cabs 55,  338.  64 

Shop  machinery  and  tools 818.  79 

Motor  cab  accessories 5,  249.  73 

Chauffeurs’  clothing 68.  82 

Inventory,  supplies,  etc.,  postage  and  stationery 389.  49 

Cash: 

In  bank 7, 181.  35 

Petty  cash 250.  00 

Accounts  receivable 1, 150. 05 

Deferred  debits: 

Insurance,  prepaid . , 1,  949.  89 

Licenses  and  taxes,  prepaid. 840.  00 

Goodwill 5,000.00 

Capital  stock 140, 000.  00 


Total  assets • 219,  201.  20 


LIABILITIES. 


Capital  stock: 

Common $107,000,00 

Preferred 33,000.00 

140,000.00 

Bonds,  chauffeurs’ 6.  00 

Coupon  book  (outstanding) 2.  50 

Accounts  and  notes  payable: 

Accounts 2, 530.  96 

Notes;  other  than  secured  by  mortgage 5, 500. 00 

8,  030.  96 

Consignment 400.  00 

Surplus 70,  761.  74 


Total  liabilities 219,  201.  20 


DIRECTORS. 

A.  L.  Cline,  212  Thirteenth  Street  NW. 

A.  G.  Cline,  212  Thirteenth  Street  NW. 

L.  L.  Harban,  212  Thirteenth  Street  NW. 

Employees  other  than  officers. 


Class. 

Number 
of  em- 
ployees. 

Average 
wages 
per  year. 

Attorney 

1 

$3, 125.00 
300.00 

Auditor 

1 

Clerks,  bookkeepers  and  stenographers 

4 

1, 248. 00 

Superintendent  of  shop 

1 

1, 71G.00 
875.00 

Machinists  and  helpers,  other  machine-shop  employees 

7 

Foreman 

1 

780.00 

W ashers  and  polishers 

4 

533.00 

Starters 

8 

763. 75 

Chauffeurs 

36 

483.78 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


9 


OATH. 


District  of  Columbia,) 

City  of  Washington.  J ’ 

We,  the  undersigned,  A.  L.  Cline,  president,  and  Geo.  M.  Mattingly,  of  Auto  Livery 
Co.,  on  our  oath  do  severally  say  that  the  foregoing  return  has  been  prepared,  under 
our  direction,  from  the  original  books,  papers,  and  records  of  said  respondent,  that  we 
have  carefully  examined  same,  and  declare  the  same  to  be  a complete  and  correct  state- 
ment of  the  business  and  affairs  of  said  respondent  in  respect  to  each  and  every  matter 
and  thing  therein  set  forth;  and  that  the  accounts  and  figures  contained  in  the  fore- 
going return  embrace  all  of  the  financial  operations  of  said  respondent  during  the 
period  for  which  said  return  is  made,  to  the  best  of  our  knowledge,  information  and 
belief. 


A.  L.  Cline, 

President. 

George  M.  Mattingly, 
Officer  in  Charge  of  the  Accounts. 


Subscribed  and  sworn  to  before  me  this  4th  day  of  May,  1917. 
[seal.] 


A.  L.  Cheney. 


BARNETT  TAXICAB  CO. 

Earnings  and  expenses. 

aings: 

Motor-car  earnings $21,  644.  58 

Miscellaneous  earnings 4,  480.  47 


Total  earnings $26, 125.  05 

lenses: 

Vehicle  operation — 

Salaries,  operating  office,  chauffeurs’  and  starters’ 

wages 6,  345.  00 

Gasoline 2,  480.  32 

Lubricants 250.  00 

Tires . 2,  000.  00 

Garage  operations — • 

Salaries,  garage  office 634.  69 

Wages,  garage 1,  963.  25 

Light,  heat,  and  power 225.  00 

Garage  supplies 200.  00 

Maintenance — 

Body  repairs,  labor  and  materials,  and  chassis 

repairs,  labor 1,  728.  02 

Motor-car  accessories 103. 19 

Rent  proportion 1,  800.  00 

Taxes  proportion 203.  89 

Taximeters *. 360.00 

Licenses . 53.  75 

Commissions. 3,  357.  53 

General  expenses — - 

Salaries  of  officers 1,  200.  00 

Telephone,  office  expense,  stationery,  postage, 
advertising,  freight  and  expressage,  and  miscel- 
laneous  852. 44 

Reserves,  bad  debts 150.  00 


Total  expenses 23,  907.  08 


Earnings  less  expenses 2,  217.  97 

Deductions  from  income,  interest  on  notes 78.  72 

Total  deductions 78.  72 


Net  income 2, 139.  25 

Corporate  surplus  ( or  deficit)  account. 

DEBIT. 

Balance,  credit $2,  207.  38 

CREDIT. 

Balance  as  of  Dec.  31,  1915 $68. 13 

Balance  from  income  account 2, 139.  25 


Total 2,207.38 

Balance  sheet. 

ASSETS. 

Plant  and  equipment: 

Office  furniture  and  fixtures $15.  92 

Motor  cabs 3,  831.  64 

Garage  equipment,  shop  machinery  and  tools,  stand  equipment,  and 

motor-cab  accessories 150.00 

Inventory,  supplies,  etc 125.00 

Cash  in  bank 583.  81 

Accounts  receivable 1,  622.  81 


Total  assets 6,  329. 18 

10 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  11 


LIABILITIES. 


Accounts  and  notes  payable : 

Accounts $1, 224. 19 

Notes  other  than  secured  by  mortgage 2, 897.  61 

$4, 121.  80 

Surplus 2,207.38 


Total  liabilities - 6,  329. 18 


Detailed  report  of  officers  and  employees. 


• 

Salaries  and 
wages. 

Number 
of  em- 
ployees. 

Maximum 
hours  con- 
tinuous 
service. 

GENERAL  AND  MISCELLANEOUS. 

President  _ 

$1,200 

1 

12 

MACHINE  SHOP. 

Machinists  and  helpers 

$100  per 

1 

12 

GARAGE. 

Washers 

month. 

$14  per  week. 
$15  per  week. 

l 

12 

Other  garage  employees 

1 

12 

BRANCH  OFFICES. 

Agents 

$2  per  day. . . 
do 

1 

12 

Chauffeurs 

6 

12 

Directors. 


Name. 

Post-office  address. 

Expiration  of  term. 

Homer  Barnett 

The  Alabama 

Election  of  successor. 
Do. 

Do. 

Do. 

W.  C.  Sterling 

White  Motor  Car  Co 

Mrs.  E.  M.  Barnett 

738  Third  Street  NW 

W.  Henry  White 

Bond  Building 

OATH. 

District  of  Columbia, 

City  of  Washington,  ss: 

We,  the  undersigned,  Homer  Barnett,  president,  and  Louis  C.  Carl,  of  Washington, 
D.  C.,  on  our  oaths  do  severally  say  that  the  foregoing  return  has  been  prepared,  under 
our  direction,  from  the  original  books,  papers,  and  records  of  said  respondent,  that  we 
have  carefully  examined  same,  and  declare  the  same  to  be  a complete  and  correct 
statement  of  the  business  and  affairs  of  said  respondent  in  respect  to  each  and  every 
matter  and  thing  therein  set  forth;  and  that  the  accounts  and  figures  contained  in  the 
foregoing  return  embrace  all  of  the  financial  operations  of  said  respondent  during  the 
period  for  which  said  return  is  made,  to  the  best  of  our  knowledge,  information,  and 
belief. 


Homer  Barnett, 

President. 
Louis  C.  Carl, 
Officer  in  Charge  of  the  Accounts. 


Subscribed  and  sworn  to  before  me  this  1st  day  of  February,  1917. 

[seal.]  # Fred.  C.  Geiger,  Notary  Public. 


THE  WASHINGTON  MARKET  CO. 


Officers. — Edward  0.  Whitford,  president,  office  of  Center  Market;  William  V.  Cox, 
vice  president,  office  of  Center  Market;  Frank  G.  Wilkins,  secretary,  office  of  Center 
Market;  Samuel  W.  Curriden,  treasurer,  office  of  Center  Market. 

Directors. 


Name. 

Post-office  address  (Washington,  D.  C.). 

E xpiration  of  term. 

William  G.  Carter 

922-928  Louisiana  Avenue  NW 

January,  1918. 

Samuel  W.  Curriden 

Office  of  Center  Market 

Do. 

William  V.  Cox 

Second  National  Bank  Building 

Do. 

Appleton  P.  Clark,  ir 

816  Fourteenth  Street  NW 

Do. 

Samuel  E.  Lewis 

1418  Fourteenth  Street  NW 

Do. 

James  B.  Lambie 

1415  New  York  Avenue  NW 

Do. 

Ralph  W.  Lee 

708  Fourteenth  StreertNW 

Do. 

James  Lansburgh 

420  Seventh  Street  NW 

Do. 

Samuel  J.  Prescott 

814  Thirteenth  Street  NW 

Do. 

William  P.  Reeves 

The  Congressional,  First  and  East  Capitol  Streets 

Do. 

William  B.  Thompson 

Munsey  Building 

Do. 

Edward  O.  Whitford 

Office  of  Center  Market 

Do. 

Frank  G.  Wilkins 

do 

Do. 

Local  officer  to  whom  correspondence  concerning  this  report  should  be  addressed: 
Edward  O.  Whitford,  president,  office  of  Center  Market. 

Depreciation  on  conduit,  physical,  covering  wear  and  tear,  $500. 


Conduit  service  income  account. 

Operating  revenues *. $12,  263.  32 

Operating  expenses  (estimated) 7,  250.  00 


Net  operating  revenue $5,013.32 

Deductions  from  income:  4 per  cent  on  year  ended  June  30, 

1916: 

Taxes  paid  May,  1916 . 486. 14  f 

Interest  on  estimated  cost  of  installation 500.  00 

Other  deductions  from  income  depreciation 500.  00 


Total  deductions 1, 486. 14 


Net  income 3,  527. 18 

Revenue  from  business  done  in  District  of  Columbia  only 3,  527. 18 


Owing  to  the  fact  that  the  conduit  across  Seventh  Street  into  square  461  is  merely 
an  incident  to  the  general  cold-storage,  ice-making,  and  other  business  of  this  company, 
it  is  impossible  to  make  other  than  an  estimate  of  the  expense  of  operating  and  main- 
taining the  conduit  service. 

It  has  been  found  impossible  to  segregate  the  cost  of  this  service  from  our  general 
cold-storage  accounts  so  as  to  make  a balance  sheet  covering  same. 

No  increase  in  salaries  has  been  made  in  connection  with  this  service. 

No  additional  capital  stock  or  bonds  have  been  issued  to  meet  the  cost  of  this  instal- 
lation. 

By  act  of  Congress  approved  February  23.  1905,  amended  by  act  of  Congress  ap- 
proved March  31,  1906,  authority  was  given  The  Washington  Market  Co.  to  lay  a con- 
duit and  pipe  across  Seventh  Street  west  to  square  461  for  the  foregoing  service, 
this  company  paying  4 per  cent  per  annum  of  gross  earnings,  sworn  statements  of 
these  to  be  submitted  at  the  close  of  each  fiscal  year,  June  30. 

The  foregoing  report  covers  refrigerating  service  during  the  calendar  year  1916  to 
the  six  beef  and  provision  houses. 

12 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  13 


OATH. 

District  of  Columbia, 

City  of  Washington , ss: 

We,  the  undersigned,  Edward  O.  Whitford,  president,  and  Frank  G.  Wilkins,  secre- 
tary, of  The  Washington  Market  Co.,  on  our  oath  do  severally  say  that  the  foregoing 
return  has  been  prepared,  under  our  direction,  from  the  original  books,  papers,  and 
records  of  said  company;  that  we  have  carefully  examined  the  same,  and  declare 
the  same  to  be  a complete  and  correct  statement  of  the  business  and  affairs  of  the 
refrigerating  conduit  service  of  said  company  in  respect  to  each  and  every  matter  and 
thing  therein  set  forth;  and  we  further  say  that  no  deductions  were  made  before  stat- 
ing the  operating  revenues  herein  set  forth,  except  those  shown  in  the  foregoing 
accounts ; and  that  the  accounts  and  figures  contained  in  the  foregoing  return  embrace 
all  of  the  financial  operations  of  the  refrigerating  conduit  service  of  said  company 
during  the  period  for  which  said  return  is  made,  to  the  best  of  our  knowledge,  infor- 
mation, and  belief. 

Edward  0.  Whitford,  President. 

Frank  G.  Wilkins. 

Subscribed  and  sworn  to  before  me  this  24th  day  of  January,  1917. 

[seal.]  George  H.  Campbell, 

Notary  Public  for  the  District  of  Columbia. 

Commission  expires  May  25,  1919. 


UNION  TRANSFER  CO. 

Exact  name  of  company:  Union  Transfer  Co.,  907  Real  Estate  Trust  Building, 
Philadelphia,  Pa. 

List  of  officers,  title,  and  salary. 


William  J.  Crout,  president  and  general  superintendent $4,  300.  00 

Charles  A.  Bothell,  vice  president 2,  500.  00 

Frank  E.  Harkness,  secretary  and  auditor 2,  400.  00 

Daniel  K.  Watson,  jr.,  treasurer 2, 100.  00 


Directors. 


Name. 

Post-office  address. 

Expiration  of  term. 

Wm.  J.  Crout 

Philadelphia 

Fourth  Monday  in  April,  1917. 
Do. 

Geo.  W.  Boyd 

do 

E.  T.  Stotesbury 

do 

Fourth  Monday  in  April,  1919. 
Fourth  Monday  in  April,  1917. 
Fourth  Monday  in  April,  1919. 
Do. 

Agnew  T.  Dice 

do 

John  S.  Jenks,  jr., 

do 

Chas.  A.  Bothell 

do 

S.  W.  F.  Draper 

New  York  City 

Fourth  Monday  in  April,  1918. 
Do. 

John  Gribbel 

Philadelphia 

Daniel  Hertz 

do 

Do. 

Local  officer  to  whom  correspondence  concerning  this  report  should  be  addressed : 
W.  A.  Gundaker,  division  superintendent,  1358  D Street  NW. 


Total  amount  of  capital  stock  outstanding $663,  750.  00 

Total  amount  of  bonds  outstanding None. 


Total  amount  of  securities  owned  (not  held  in  sinking  or  other  funds) ....  154,  823.  55 


Balance  sheet,  Dec.  31,  1916. 


ASSETS. 

Permanent  and  long-term 


investments $154,  823.  55 

Working  assets 1,  045,  528.  50 

Deferred  debit  items 7,  994.  08 


Total 1,208,346.13 


LIABILITIES. 


Stock $663,750.00 

Long-term  debt 9,  255.  25 

Working  liabilities 409,  573.  84 

Deferred  credit  items 7,  994.  08 

Appropriated  surplus 69,  685.  09 

Profit  and  loss 48, 087.  87 


Total 1,208,346.18 


Depreciation  (figured  as  per  commissioner’s  order  Sept.  27,  1916)  on  plant,  physi- 
cal, covering  wear  and  tear,  $7,  994.  08. 


Income  account. 


Operating  revenues $98,675.74 

Operating  expenses 70, 991.  39 


Net  operating  revenue $27,  684.  35 

Deductions  from  income 1, 479.  58 

Other  deductions  from  income 9,  842.  87 


Total  deductions. 


11, 322.  45 


N et  income R>>  361.  90 

Disposition  of  net  income,  dividends,  6 per  cent  on  common  stock 12,  669.  48 

Surplus - 3,  692.  42 

Revenue  from  business  done  in  District  of  Columbia  only 3,  692.  42 

14 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  15 


Employees , Dec.  31,  1916. 


Class. 

Number. 

Total 
number 
of  days 
worked. 

Average 
daily  com- 
pensation. 

Maximum 
hours 
worked 
per  day. 

Superintendent 

1 

340 

$4.41 

10 

Agents 

19 

340 

1.95 

10 

Drivers 

23 

340 

1.81 

10 

Helpers 

6 

340 

1.06 

10 

Stablemen 

2 

340 

1.68 

10 

Garagemen 

2 

340 

2. 21 

10 

OATH. 


District  of  Columbia, 

City  of  Washington , ss: 

We,  the  umdersigned,  William  J.  Crout,  president,  and  Charles  A.  Bothell,  vice 

President,  of  Union  Transfer  Co.,  on  our  oath  do  severally  say  that  the  foregoing  return 
as  been  prepared,  under  our  direction,  from  the  original  books,  papers,  and  records 
of  said  company;  that  we  have  carefully  examined  the  same,  and  declare  the  same 
to  be  a complete  and  correct  statement  of  the  business  and  affairs  of  said  company 
in  respect  to  each  and  every  matter  and  thing  therein  set  forth;  and  we  further  say 
that  no  deductions  were  made  before  stating  the  operating  revenues  herein  set  forth, 
except  those  shown,  in  the  foregoing  accounts ; and  that  the  accounts  and  figures  con- 
tained in  the  foregoing  return  embrace  all  of  the  financial  operations  of  said  company 
during  the  period  for  which  said  return  is  made,  to  the  best  of  our  knowledge,  infor- 
mation, and  belief. 


Wm.  J.  Crout,  President. 

Ghas.  A.  Bothell,  Vice  President. 


Subscribed  and  sworn  to  before  me  this  2d  day  of  February,  1917. 

[seal.]  Maud  Fellheimer, 

Notary  Public , District  of  Columbia. 


TERMINAL  TAXICAB  CO.  (INC.). 

Earnings  and  expenses. 

Earnings: 

Motor-car  earnings $263,  461.  55 

Repair  shop  earnings 1,  625.  96 

Miscellaneous  earnings 16,  424.  62 


Total  earnings $281, 512. 13 

Deductions,  refunds  and  allowances 240.  02 


Net  earnings 281,  272. 11 

senses: 

Vehicle  operation — . ' 

Salaries,  operating  office 10,  255.  36 

Chauffeurs’  wages 46,  372.  86 

Starters’  wages -. 5,  667.  78 

Gasoline 12,  657.  28 

Lubricants 982.  80 

Tires..... 14,647.01 

Garage  operation — 

Salaries,  garage,  office 3,  418.  44 

W'ages,  garage 8, 031.  94 

Light,  heat,  and  power 2,  949.  65 

Garage  supplies 2,  869.  49 

Maintenance — 

Body  repairs,  labor  and  materials,  chassis  repairs, 

labor  and  materials 17,  937.  55 

Repairs  to  equipment 4,  322.  86 

Rent  and  insurance — 

Rent,  L Street  garage 1, 131.  05 

Insurance  on  buildings 892.22 

Insurance  other  than  on  buildings 11,  765.  55 

Taximeters 2,258.87 

Licenses 717.51 

Commissions 23,  550.  23 

Free  riding 41.  70 

General  expenses — 

Salaries  of  officers 11,  690.  08 

Telephone 2,788.60 

Stationery 1,  410.  38 

Postage 351.62 

Advertising 2,  248.  78 

Miscellaneous 2,177.87 

Reserves — 

Motor  cars 32, 147.  97 

Equipment 3,  776.  28 

Injuries  and  damages 7, 116.  39 


Total  expenses 234, 178. 12 


Earnings  less  expenses 47, 093.  99 


Current  operating  profit,  motor  department 47,  093.  99 

Additions  to  income,  discounts  earned 1,  571.  32 


Total  income 48,665.31 

Deductions  from  income,  taxes 2,  578.  68 


N et  income 46, 086.  63 

16 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  1 7 


Corporate  surplus  (or  deficit ) account. 

DEBIT. 


Dividends  on  preferred  stock $7,  952.  00 

Dividends  on  common  stock 10,  990.  00 

Balance,  credit 84,663.24 


Total 103,605.24 


CREDIT. 


Balance  as  of  Dec.  31,  1916 57,  518.  61 

Balance  from  income  account 46, 086.  63 

Balance,  debit 

Total 103,605.24 


Balance  sheet. 


ASSETS. 


Plant  and  equipment: 

Real  estate $101,  904. 35 

Office  furniture  and  fixtures 3,  784.  89 

Motor  cabs 162,  001.  45 


Garage  equipment 13,  890.  84 

Shop  machinery  and  tools 3,464.76 


Inventory,  supplies,  etc 

Cash: 

In  bank 13,103.79 

Petty  cash 600. 00 


Accounts  and  notes  receivable : 

Accounts 6,825.73 

Notes 525.00 


Deposits 

Deferred  debits: 

Insurance,  prepaid 1,  632.  62 

Lincenses,  prepaid 676.66 


Investments 
Good  will . . . 


$267,  690.  69 


17,  355.  60 
6,  576.  65 


13,  703.  79 


7,  350.  73 
450. 00 


2,  309.  28 
49,  340. 38 
109,  900. 00 


Total  assets 


474,  677. 12 


LIABILITIES. 


Capital  stock : 

Common $109,900.00 

Preferred 113,  600. 00 

— $223,  500. 00 

Accounts  and  notes  payable: 

Accounts 11,  776.  20 

Notes;  other  than  secured  by  mortgage 1,  650. 00 

13,  426.  20 

Deferred  credits: 

Taxes 1,  364. 91 

Sundry  expenses 7, 194. 18 

8,  559. 09 

H.  Doc.  2038,  64-2 2 


18  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Reserves: 

For  depreciation  on — 

Real  estate $9,709.81 

Office  furniture  and  fixtures 3,  096. 38 

Motor  cabs 98,  779. 12 

Garage  equipment 10,  638.  30 

Shop  machinery  and  tools 2,  774. 03 

$124,  997.  64 

Doubtful  accounts 2,  000. 00 

Car  liability  (damages) 17,  530. 95 

19,  530.  95 

Surplus 84,663.24 


Total  liabilities 


474,  677. 12 


Detailed  report  of  officers  and  employees. 


GENERAL  AND  MISCELLANEOUS. 


President 

General  manager 

Secretary 

Attorney 

Auditor) 

'Cashier,  $55  and  $80  per  month 

Clerks,  bookkeepers,  and  stenographers,  $50  to  $120  per 

month 

Other  general  office  employees,  $36  to  $60  per  month 

■ MACHINE  SHOP. 

Machinists  and  helpers,  30  to  47J  cents  per  hour 

Other  machine-shop  employees,  $60  to  $105  per  month. 

BODY  BUILDING  SHOP. 

Painters,  $1.75,  $3.25,  and  $3.50  per  day 

STOCK  ROOM. 

Clerks,  $50  and  $90  per  month 

Other  stock  room  employees 

GARAGE. 

Foreman,  $75  and  $100  per  month 

Washers,  $2  per  night 

Polishers,  $10  per  week 

Other  garage  employees,  $50  to  $62.50  per  month 

BRANCH  OFFICES. 


Agents, $36  to  $85 

Chauffeurs  (22  per  cent  gross  receipts,  less  gasoline,  17 
cents  per  gallon)  average  per  day,  $2.25  to  $2.95  per  day . 


Salaries 
and  wages. 


p.  a.  $3, 000 
p.  a.  3,400 
p.  a.  1, 800 
p.  a.  300 
p.  a.  2,700 


Average 
rate  per 
month. 


$67. 50 


82.00 
45. 00 


93.00 

86.00 


70. 00 


70.00 

20. 00 


87.50 


55.00 


57.00 


Maximum 
Number  of  hours 
employees.  | continuous 
service. 


2  ”"io 

6 10 

5 8 

7 11 

4 10 

3 9 


3 9 

1 8 


2 12 

4 12 

7 12 

5 12 


10 

12 


Cabs  used: 

White  (capacity,  5 passengers) 70 

White  (capacity,  7 passengers) 6 

Total  number  of  passengers  carried 384, 716 

Total  mileage 778, 626 

Average  mileage  per  trip 3.  74 

Average  number  of  trips  per  day 568 


Rate  charged  per  person,  average  $0,685  per  annum. 
Date  of  first  operation,  May  15,  1908. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  19 


Directors . 


Name. 

Post-oiTice  address. 

Expira- 
term  of 
term. 

John  J.  Boobar 

1231  Twentieth  Street  NW 

May,  1917. 
Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

James  A.  Cahill 

Commercial  National  Bank 

Appleton  Clark,  jr 

816  Fourteenth  Street  NW 

John  Herbert  Corning 

520  Thirteenth  Street  NW 

(t  Thnmas  Dim  lop 

Evans  Building 

Max  Fischer 

Woodward  & Lothrop 

Isaac  Gans 

Saks  & Co 

Reeve  Lewis 

700  Tenth  Street  NW 

Statistics. 


Results  per  unit. 

12  months 
ended  Dec. 
31, 1916. 

Cabs  used  (own  75),  average  number  in  service 

49 

Live  miles  run 

502, 214. 1 
276,411.9 

Dead  miles  run 

Total  miles  run 

778,626.0 

64.50 

Percentage  of  live  mileage 

Miles  run  per  cab  owned 

10,381.7 

Drivers’  wages  per  live  mile 

$0. 0923 

Gasoline  per  gross  mile 

.0162 

Lubricants  per  gross  mile 

.0013 

Tires  per  gross  mile 

.0188 

Chassis  repairs  per  gross  mile 

.023 

Garage  wages  per  cab  used 

Garage  supplies  per  cab  used 

Body  repairs  per  cab  used 

Net  revenue  per  live  mile 

.56 

Total  expenses  per  live  mile 

.3826 

Total  reserves  per  live  mile 

.0857 

Total  cost  per  live  mile 

.4683 

Current  profit  per  live  mile 

.0917 

OATH. 

District  of  Columbia, 

City  of  Washington , ss: 

We,  the  undersigned,  James  A.  Cahill,  vice  president,  and  A.  N.  Huttel,  auditor,  of 
Terminal  Taxicab  Co.  (Inc.),  on  our  oath  do  severally  say  that  the  foregoing  return 
has  been  prepared,  under  our  direction,  from  the  original  books,  papers  and  records 
of  said  respondent,  that  we  have  carefully  examined  same,  and  declare  the  same  to 
be  a complete  and  correct  statement  of  the  business  and  affairs  of  said  respondent  in 
respect  to  each  and  every  matter  and  thing  therein  set  forth;  and  that  the  accounts 
and  figures  contained  in  the  foregoing  return  embrace  all  of  the  financial  operations 
of  said  respondent  during  the  period  for  which  said  return  is  made,  to  the  best  of  our 
knowledge,  information,  and  belief. 

James  A.  Cahill. 

A.  N.  Huttel. 

Suscribed  and  sworn  to  before  me,  this  24th  day  of  April,  1917. 

[seal.]  Alexander  R.  Varela, 

Notary  Public,  District  of  Columbia. 


EAST  WASHINGTON  HEIGHTS  TRACTION  RAILROAD  CO.  OF 
THE  DISTRICT  OF  COLUMBIA. 


Name  of  officer  in  charge  of  correspondence  with  the  commission  regarding  this 
report:  L.  E.  Bayne,  secretary,  2500  Pennsylvania  Avenue,  Randle  Highlands. 

IDENTITY  OF  RESPONDENT. 

Exact  name  of  company  making  this  report:  East  Washington  Heights  Traction 
Railroad  Co.  of  the  District  of  Columbia. 

Date  of  organization:  July  15,  1898. 

Under  laws  of  what  Government,  State,  or  Territory  organized?  District  of 
Columbia,  act  passed  by  Congress,  approved  June  18,  1898,  amended  April  30,  1900, 
July  1,  1902,  and  April  26,  1904. 

If  a consolidated  or  a merging  company,  name  all  constituent  and  all  merged  com- 
panies. No. 

Date  and  authority  for  each  consolidation  and  for  each  merger:  None. 

If  a reorganized  company,  give  name  of  original  corporation,  refer  to  laws  under 
which  it  was  organized,  and  state  the  occasion  for  the  reorganization.  No. 

State  whether  or  not  the  respondent  during  the  year  conducted  any  part  of  its 
business  under  a name  or  names  other  than  that  shown  in  response  to  first  inquiry 
above.  No. 

Give  name  of  operating  company,  if  any,  having  control  of  the  respondent’s 
property.  None. 

Directors. 


Name  of  director. 

Office  address. 

Date  of 
beginning 
of  term. 

Date  of 
expiration 
term. 

A.  E.  Randle 

Randle  Highlands 

Aug.  16,1916 
do 

Aug.  15,1917 
Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

O.  C.  Brothers 

Fair  lawn,  D.  C 

B.  T.  Woodward 

Randle  Highlands. . . 

do 

M.  A.  Frazier 

do 

do 

J.  E.  Melton 

do 

do 

D.  C.  Fountain 

Washington,  T)fC... 

do 

C.  A.  Barker 

do. . . . 

do 

L.  E.  Bavne 

Randle  Highlands 

do 

E.  E.  Fisher 

Washington,  D.  C 

do 

Give  the  names  and  titles  of  all  officers  of  the  board  of  directors  in  control  of  the 
respondent  at  the  close  of  the  year.  Chairman  of  board,  A.  E.  Randle;  secretary  (or 
clerk)  of  board,  L.  E.  Bayne. 

Name  the  members  of  the  executive  committee  of  the  board  of  directors  of  the 
respondent  at  the  close  of  the  year  (naming  first  the  chairman),  and  state  briefly  the 
powers  and  duties  of  that  committee.  None. 


Principal  general  officers. 


Title  of  general  officer. 

Name  of  person  holding 
office  at  close  of  year. 

Office  address. 

Salary. 

President 

A.  E.  Randle 

2500  Pennsylvania  Avenue,  Randle  High- 
lands. 

do  

None. 

First  vice  president  . 

J E Melton 

None. 

Secretary. . 

L E Bayne 

do 

None. 

Treasurer  . . . 

do. . . 

do 

None. 

EXPLANATORY  REMARKS. 

The  division  superintendent  is  also  motorman  and  conductor  at  a salary  of  $2  per 
day;  he  receives  in  addition  $10  per  month  as  superintendent. 

20 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  21 


Employees  other  than  officers. 


Class. 

Number  of 

Average  wages. 

Maximum 

horns 

employees. 

Per  month. 

Per  day. 

continuous 

service. 

TRANSPORTATION. 

Division  superintendent 

1 

$62.  83 

$2.00 

10 

Conductors 

2 

110. 91 

2.00 

10 

Motormen 

2 

lit).  91 

2. 00 

10 

Transportation  corporations  controlled  by  respondent:  None. 

Nontransportation  corporations  controlled  by  respondent:  None. 

VOTING  POWERS  AND  ELECTIONS. 

1.  State  the  par  value  of  each  share  of  stock.  Common,  $50  per  share. 

2.  State  whether  or  not  each  share  of  stock  has  the  right  to  one  vote.  Yes. 

3.  Are  voting  rights  proportional  to  holdings?  Yes. 

4.  Are  voting  rights  attached  to  any  securities  other  than  stock?  No. 

5.  Has  any  class  or  issue  of  securities  any  special  privileges  in  the  election  of  direc- 
tors, trustees,  or  managers,  or  in  the  determination  of  corporate  action  by  any  method? 
No. 

6.  Give  the  date  of  the  latest  closing  of  the  stock  book  prior  to  the  actual  filing  of 
this  report,  and  state  the  purpose  of  such  closing.  December  31,  1916. 

7.  State  the  total  voting  power  of  all  security  holders  of  the  respondent  at  the  date 
of  such  closing,  if  within  one  year  of  the  date  of  such  filing;  if  not,  state  as  of  the  close 
of  the  year.  Two  hundred  and  ninety-six  votes,  as  of  December  31,  1916. 

8.  State  the  total  number  of  stockholders  of  record,  corresponding  to  the  answer 
to  inquiry  No.  7.  Twenty-seven  stockholders. 

9.  Give  the  names  of  the  20  security  holders  of  the  respondent  who,  at  the  date  of 
the  latest  closing  of  the  stock  book  or  compilation  of  list  of  stockholders  of  the  respon- 
dent (if  within  one  year  prior  to  the  actual  filing  of  this  report),  had  the  highest  voting 
powers  in  the  respondent,  showing  for  each  his  address,  the  number  of  votes  which  he 
would  have  had  a right  to  cast  on  that  date  had  a meeting  then  been  in  order,  and  the 
classification  of  the  number  of  votes  to  which  he  was  entitled,  with  respect  to  securi- 
ties held  by  him,  such  securities  being  classified  as  common  stock,  second  preferred 
stock,  first  preferred  stock,  and  other  securities,  stating  in  a footnote  the  names  of 
such  other  securities  (if  any).  If  any  such  holder  held  in  trust,  give  (in  a footnote) 
the  particulars  of  the  trust.  If  the  stock  book  was  not  closed  or  the  list  of  stockholders 
compiled  within  such  year,  show  such  20  security  holders  as  of  the  close  of  the  year. 


Name  of  security  holder. 

Address  of‘security  holder. 

Number  of 
votes  to 
which 
security 
holder  was 
entitled. 

Number  of 
votes  classi- 
fied with 
respect  to 
securities  on 
which  based, 
common 
stocks. 

A.  E.  Randle 

Randle  Highlands 

2251 

225i 

O.  C.  Brothers 

Fair  lawn,  D.  C. 

10 

10 

C.  A.  Barker 

Washington,  D.  C 

61 

61 

H.  P.  Blair 

do 

2 

2 

T.  J.  Brown 

do 

6J 

61 

E.  C.  Carpenter 

Rome,  N.  Y 

2\ 

2z 

D.  C.  Fountain 

Washington,  D.  C 

2 

2 

P.  L.  Hadley 

do 

5 

5 

C.  Marshall 

New  York  City 

4 

4 

A.  M.  Pollard 

Washington,  D.  C 

l\ 

li 

T.  E.  Roessale 

do 

2 

2 

Geo.  H.  Judd 

do 

13| 

13| 

J.  S.  Brothers 

do 

1 

1 

J.  H.  Brown 

do 

1 

1 

W.  E.  Lester 

1 

1 

M.  A.  Trozier 

Randle  Highlands 

1 

1 

A.  M.  Bliss 

Washington,  D.  C 

1 

1 

G.  F.  Lever 

Philadelphia,  Pa.. 

1 

1 

J.  E.  Melton 

Randle  Highlands 

1 

1 

J.  S.  Dyett 

Rome,  N.  Y 

2 h 

21 

22  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


10.  State  the  total  number  of  votes  cast  at  the  latest  general  meeting  for  the  election 
of  directors  of  the  respondent.  Two  hundred  and  twenty-six  and  one-fourth  votes 

cast. 

11.  Give  the  date  and  place  of  such  meeting.  February  1,  1917,  at  2500  Pennsyl- 
vania Avenue,  Randle  Highlands,  Washington,  D.  C. 

CORPORATE  CONTROL  OVER  RESPONDENT. 


1.  Did  any  corporation  or  corporations,  transportation  or  other,  hold  control  over 
the  respondent  at  the  close  of  the  year?  Yes. 

If  control  was  so  held,  state: 

(а)  The  form  of  control,  whether  sole  or  joint.  Joint. 

(б)  The  name  of  the  controlling  corporation  or  corporations.  The  United  States 
Realty  Co.  of  Washington,  D.  C. 

(c)  The  manner  in  which  control  was  established.  By  purchase  of  stock. 

(d)  The  extent  of  control.  Seventy-five  per  cent. 

( e ) Whether  control  was  direct  or  indirect.  Indirect. 

(/)  The  name  of  the  intermediary  through  which  control,  if  indirect,  was  estab- 
lished. A.  E.  Randle. 

2.  Did  any  individual,  association,  or  corporation  hold  control,  as  trustee,  over  the 
respondent  at  the  close  of  the  year?  No. 

Guaranties  and  suretyships:  None. 


Comparative  general  balance  sheet. 
ASSETS. 


Balance  at 
beginning 
of  year. 

Item. 

Balance  at 
close  of 
year. 

Net  change 
during  year 
(increase  in 
roman,  de- 
crease in 
italic). 

$58,444. 12 

1,775.50 

2,000. 00 

INVESTMENTS. 

Road  and  equipment 

$57, 690. 90 

3, 104. 35 

2,000.00 

$ 753.22 

1,328.85 

CURRENT  ASSETS. 

Cash 

DEFERRED  ASSETS. 

Other  deferred  assets 

Grand  total 

62,219.62 

62,795.25 

575. 63 

LIABILITIES. 

$14,800.00 

40,000.00 

STOCK. 

Capital  stock 

$14, 800. 00 

40,000.00 

LONG-TERM  DEBT. 

Funded  debt  miniatured 

(/>*)  Total  book  liability  at  close  of  year $50,000.  00 

(62)  Respondent’s  holdings  included  in  (61) 10, 000. 00 

CURRENT  LIABILITIES. 

Loans  and  notes  payable • 

4,548.79 
2, 702. 18 
191.  76 

3,818.79 
2,947.  81 
158.  47 

$ 730.00 
245.  63 
S3. 29 

Miscellaneous  accounts  payable 

Other  current  liabilities 

Total  current  liabilities 

7, 442.  73 

6,925.  07 

517.66 

Profit  and  loss  (debit)  balance 

23. 11 

1,070. 18 

1,093.29 

Grand  total 

62,219. 62 

62,  795. 25 

575. 63 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTBICT  OF  COLUMBIA,  23 


Road  and  equipment. 


Account. 

Investment 
in  road  and 
equipment, 
Jan.  1, 1915, 
to  close  of 
preceding 
year. 

Investment 
in  additions 
and  better- 
ments dur- 
ing the 
year. 

Total  in- 
vestment 
in  road  and 
equipment 
since  Dec. 
31,  1914. 

WAY  AND  STRUCTURES. 

Other  land  used  in  electric  railway  operations 

Paving 

$423. 66 

$1,191.75 

1 1,191.75 
423. 66 
438. 53 

Shops  and  carhouses 

438. 53 

Total  expenditures  lor  way  and  structures 

GENERAL  AND  MISCELLANEOUS. 

Interest  during  construction 

423. 66 

753.22 

329.56 

839.57 
139. 98 

839.57 
139. 98 

Taxes  

Total  general  and  miscellaneous  expenditures 

Grand  total 

699. 59 

699.59 

275.93 

. 753.22 

1,029. 15 

Block  5551  condemned  by  District  and  the  company  allowed  $1,191.75  account  of 
same. 

Respondent's  investment  in  road  and  equipment  at  close  of  year. 


Investment  to  Dec.  31,  1908 $58,  720.  05 

Investment  since  Dec.  31,  1914 1,  029. 15 


Total  investment  in  road  and  equipment 57,  690.  90 

Length  of  road  owned,  0.75  mile. 


Average  investment  per  mile  of  road,  exclusive  of  improvements  on  leased  lines, 
$76,921.20. 

Length  of  track  owned,  0.75  mile. 

Average  investment  per  mile  of  track,  $76,921.20. 

Memorandum  of  securities  included  in  investment  in  “Road  and  equipment  None. 
Summary  of  securities  owned. 

Bonds  and  other  evidences  of  funded  debt,  securities  held  unencumbered, 

total  securities  owned,  par  value $10,  000 

Sinking  funds:  None. 

Deposits  in  lieu  of  mortgaged  property  sold:  Real  estate  condemned  by  the  District, 
company  allowed  $1,191.75.  The  property  to  be  replaced  by  lot  15,  block  5579,  the 
site  of  new  car  shed.  Description  of  deposit,  cash. 

Miscellaneous  physical  property:  None. 

Special  deposits:  None. 

Investments  in  securities  of  noncarrier  companies  affiliated  with  respondent:  None. 
Investments  in  securities  of  carriers  affiliated  with  respondent:  None. 
Investments  in  securities  of  nonaffiliated  companies:  None. 

Investment  advances  to  other  companies:  None. 

Securities  and  other  intangibles  owned  or  controlled  through  nonreporting  sub- 
sidiaries: None. 

Insurance  and  other  funds:  None. 

Discounts  and  premiums  on  securities  outstanding:  None. 

Property  abandoned  chargeable  to  operating  expenses:  None. 

Other  unadjusted  debits:  None. 


24  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Capital  stock. 


Common  stock,  authorizations  closed  prior  to  present  year: 

Par  value  of  amount  authorized $15;  000 

Amount  of  authorization  canceled  prior  to  issue 200 

Par  value  of  total  amount  actually  issued  to  close  of  year 14,  800 

Par  value  of  amount  actually  outstanding  at  close  of  year 14  800 

Receipts  outstanding  at  the  close  of  the  year  for  installments  received  on  sub- 
scriptions for  stocks:  None. 

Stocks  actually  issued  prior  to  present  year: 

Par  value $14,  800 

Cash  received  as  consideration  for  issue 14,  800 


Purposes  of  open  authorizations  and  particulars  of  authorizations  closed  during  the 
year:  None. 

Stock  liability  for  conversion  of  securities  of  other  companies:  None. 

Summary  statement  of  unmatured funded  debt. 

Mortgage  bonds: 

Amount  nominally  but  not  actually  issued  at  close  of  year,  held  by 


respondent  unencumbered * $10,  000.  00 

Reacquired  after  actual  issue  and  held  alive  by  or  for  respondent, 

unencumbered 1.  000.  00 

Amount  actually  outstanding  at  close  of  year 40,  000.  00 

Interest  liability  at  close  of  year  on  actually  outstanding  debt — 

Interest  matured  and  unpaid 1,  687.  50 

Interest  accrued  not  due 1,  300.  00 

Interest  during  year  on  actually  outstanding  debt — 

Interest  accrued 700.  00 

Interest  paid 375.  00 


SECURITY  FOR  UNMATURED  FUNDED  DEBT. 

Designation  of  mortgage,  pledge,  or  other  lien:  First  mortgage  bonds. 

Road  mortgaged  from  Seventeenth  Street  and  Pennsylvania  Avenue  to  Minnesota 
and  Pennsylvania  Avenues. 

Miles  of  road,  0.75;  miles  of  track,  0.75. 

Equipment,  securities,  income,  etc.,  mortgaged  or  pledged:  All  property  held  by 
road  or  that  may  be  hereafter  acquired.  The  mortgage  debt  of  the  road  is  limited  to 
$100,000  under  the  mortgage. 

Equipment  obligations:  None. 

TJnmatwred  funded  debt  other  than  equipment  obligations. 

Mortgage  bonds,  first  mortgage  20-year  gold  bonds: 

Nominal  date  of  issue,  1903. 

Date  of  maturity,  1923. 

Interest  provisions — 

Rate  per  cent  per  annum,  5 per  cent. 

Dates  due,  October  and  April. 


Par  value  of  extent  of  indebtedness  authorized $100,  000.  00 

Extent  of  authorization  canceled  or  revoked 50,  000.  00 

Par  value  of  evidences  of  debt — • 

Nominally  but  not  actually  issued 10,  000.  00 

Actually  issued  to  close  of  year 40.  000.  00 

Par  value  of  evidences  of  debt — 

Reacquired  after  actual  issue  and  held  alive  at  close  of  year 1,  000.  00 

Actually  outstanding  at  close  of  year 40,  000.  00 

Evidences  of  debt  actually  issued  prior  to  present  year — 

Par  value  of  total  amount 41.  000.  00 

Cash  received  as  consideration  for  issue 25,  500.  00 

Receipts  outstanding  at  the  close  of  the  year  for  installments  re- 
ceived on  subscriptions  for  bonds  and  other  evidences  of  funded 

debt  in  process  of  issuance None. 

Total  discount  on  actual  issues  of  prior  years 15,  500.  00 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  25 


Mortgage  bonds,  first  mortgage  20-year  gold  bonds— Continued. 

Total  discounts  extinguished  to  close  of  year,  charged  to  operating 

expense,  income,  or  profit  and  loss - $15,  500.  00 

Amount  of  interest  accrued  during  year,  charged  to  income 700.  00 

Amount  of  interest  paid  during  year 375.  00 

Interest  liability  at  close  of  year — 

Matured  and  unpaid 1,  687.  50 

Accrued  not  yet  due 1,  300.  00 

Analysis  of  evidences  of  funded  debt  nominally  but  not  yet  actually 
issued — Par  value  of  amount  held  by  or  for  respondent  free  from 

all  liens  and  restrictions 10,  000.  00 

Analysis  of  evidences  of  funded  debt  reacquired  after  actual  issue 
and  held  alive — Par  value  of  amount  held  by  or  for  respondent 
free  from  all  liens  and  restrictions 1,  000.  00 


Purposes  for  which  bonds  and  other  evidences  of  funded  debt  were  issued  or  assumed 
during  the  year:  None. 

Receiver’s  certificates:  None. 

Nonnegotiable  debt  to  affiliated  companies:  None. 

Sundry  current  liabilities. 


Name  of  creditor  or  of  obligation. 

Character  of  liability  or  of  transactions  involved. 

Credit 
balance 
at  close 
of  year. 

LOANS  AND  NOTES  PAYABLE. 

W A Clark  note 

Balance  of  note  given  to  pay  for  rails 

*2,628. 79 
1,050.00 

140.00 

United  States  Realty  Co 

Note  given  to  United  States  Realty  Co.  for  money 
advanced  to  pay  for  use  of  Pennsylvania  Avenue 
bridge  and  other  purposes  dated  Apr.  29,  1913,  cur- 
tailed and  renewed  at  various  times. 

Minor  notes,  2 in  number  

Total 

3,818. 79 

MISCELLANEOUS  ACCOUNTS  PAYABLE. 

United  States  Realty  Co 

Money  advanced  for  the  purpose  of  meeting  the  cur- 
rent obligations  of  the  road. 

2,840.34 

107.47 

Minor  accounts,  1 in  number 

Total 

2,947. 81 

OTHER  CURRENT  LIABILITIES. 

Ticket  account  

Tickets  sold  and  not  redeemed 

158.47 

SUNDRY  UNADJUSTED  CREDITS. 

Deposited  with  the  District  of  Columbia  as  a guaranty  for  the  completion  of  the 
road,  and  to  pay  for  use  of  Pennsylvania  Avenue  Bridge,  $2,000. 

Depreciation,  road,  equipment,  and  miscellaneous  physical  property:  None. 

Profit  and  loss  statement. 


Item. 

Debits. 

Credits. 

Credit  balance  transferred  from  income  account 

$1,093.29 

Debit  balance  at  beginning  of  fiscal  period  

$23. 11 
1,070.18 

Balance  carried  forward  to  balance  sheet 

Total 

1,093.29 

1,093.29 

Dividends  declared  during  the  year:  None. 


26  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 

Income  statement  for  the  year. 


Item. 

Amount 
appli- 
cable to  the 
year. 

Comparison 
with  preced- 
ing year 
(increase  in 
roman, 
decrease  in 
italic). 

OPERATING  INCOME. 

Railway  operating  revenues 

$7,857.85 
5, 107.  24 

$ 86.30 
62.38 

Railway  operating  expenses 

Net  revenues,  railway  operations 

2,750.61 

Net  operating  revenue 

2/750.61 

1, 194. 22 

23.97 

833.93 

Taxes  assignable  to  railway  operations: 

On  real  and  personal  property $258. 74 

On  earnings 535.48 

Miscellaneous 400.00 

Operating  income  (gross) 

1,556.39 

857.90 

DEDUCTIONS  FROM  GROSS  INCOME. 

Interest  on  funded  debt 

375.00 

88.10 

Interest  on  unfunded  debt 

42.66 

699.59 

Miscellaneous  debits 

Total  deductions  from  gross  income 

463.10 

742.25 

Income  balance  transferred  to  profit  and  loss 

1,093.29 

115.65 

Railway  operating  revenues. 

State  the  railway  operating  revenues  of  the  respondent  for  the  year  (classified  in 
accordance  with  the  Uniform  System  of  Accounts  for  Electric  Railway  Corporations), 
and  the  comparison  of  such  revenues  with  those  of  the  preceding  year  (showing  in- 
creases in  black  and  decreases  in  red)  for  each  of  the  several  classes. 


Class  of  railway  operating  revenues. 

Amount  of 
revenue  for 
the  year. 

Comparison 
with  revenue 
of  preceding 
year  (in- 
creases in 
roman,  de- 
creases in 
italic. 

REVENUE  FROM  TRANSPORTATION. 

Passenger  revenue 

$7, 857.85 

$86.  SO 

Auxiliary  operations:  None. 
Miscellaneous  operations:  None. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  27 


Railway  operating  expenses. 


Name  of  railway  oper- 
ating expense  account. 

Amount  of 
operating 
expenses  for 
the  year. 

Compari- 
son with 
expenses  of 
preceding 
year  (in- 
creases in 
roman, 
decreases 
in  italic). 

Name  of  railway  oper- 
ating expense  account. 

Amount  of 
operating 
expenses  for 
the  year. 

Compari- 
son with 
expenses  of 
preceding 
year  (in- 
creases in 
roman, 
decreases 
in  italic). 

WAY  AND  STRUCTURES. 

Superintendence  of  way 
and  structures  . 

$130. 00 

$10. 00 

GENERAL  AND  MISCEL- 
LANEOUS. 

1 General  expenses ? . . 

$156.30 

$80. 89 

Maintenance  of  way . . . 

132. 86 

70.40 

8.08 

Injuries  and  damages 

18.50 

1.50 

Maintenance  of  electric 
^nes 

43.08 

Stationery  and  printing... 

68.18 

25.70 

Total  general  and 
miscellaneous 

Total  way  and  struc- 
ures 

242.98 

53.69 

305.94 

63.48 

RECAPITULATION  OF 
EXPENSES. 

EQUIPMENT. 

Maintenance  of  cars 

171.36 

115.70 

Wav  and  structures 

305. 94 

63.48 

117.54 

3.00 

Maintenance  of  electric 
equipment  of  cars 

Equipment 

174.32 

2.96 

l.o4 

Power 

1.098.00 

Conducting  transportation 
General  and  miscellaneous 

3, 286.00 
242.98 

62.00 

53.69 

Total  equipment 

174.32 

117.54 

POWER. 

Grand  total  operating 
expenses 

5, 107. 24 

62.38 

Power  purchased 

1,098.00 

3.00 

CONDUCTING  TRANSPOR- 
TATION. 

Conductors,  motor  men, 
and  trainmen 

3,286.00 

62.00 

Operating  ratio  (ratio  of  operating  expenses  to  operating  revenues),  64.00  per  cent. 


Income  from  lease  of  road:  None. 

Miscellaneous  rent  income:  None. 

Dividend  income:  None. 

Income  from  funded  securities:  None. 

Income  from  unfunded  securities  and  accounts:  None. 
Contributions  from  others:  None. 

Miscellaneous  income : N one . 

Rent  for  leased  roads:  None. 

Abstracts  of  leasehold  contracts:  None. 

Miscellaneous  rents:  None. 


Interest  on  unfunded  debt. 


Amount 

of 

Description  of  security,  advance,  loan,  or  account  showing  characteristics  of  such  security,  etc.,  interest 
and  name  of  the  creditor  or  class  of  creditors  In  case  of  open  accounts.  charged 

to 

income. 


Interest  paid  to  U nion  Savings  Bank  on  note  of  the  company  at  3 months;  note  curtailed  and 

renewed  when  due 

Interest  paid  to  other  banks  on  notes  of  company 


$74. 98 
13.12 


Total 


88. 10 


Income  transferred  to  other  companies:  None. 

Miscellaneous  debits:  None. 

Appropriations  of  surplus  to  sinking  fund  and  other  reserves:  None. 
Appropriations  of  surplus  for  investment  in  physical  property:  None. 
Miscellaneous  appropriations  of  surplus:  None. 

Miscellaneous  items  in  profit  and  loss  account  for  the  year:  None. 


28  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA, 


Road  operated  at  close  of  year. 


Name  of  road  or  track:  East  Washington  Heights  Traction  Railroad. 

Termini  between  which  road  named  extends:  Seventeenth  Street  and  Penn- 
sylvania Avenue  to  Minnesota  and  Pennsylvania  Avenues. 

Miles  of  road 0.  72 

Miles  of  sidings  and  turnouts 03 


Total 


.75 


Miles  of  road  at  close  of  year  ( single  track) . 


District  of  Columbia: 

Line  owned — 

Main  line 0. 72 

Branches  and  spurs 03 


Total  mileage  operated 75 


New  line  constructed  during  year:  None. 

Road  owned  at  close  of  year,  by  States  and  Territories:  None. 

Auxiliary  operations  carried  on  at  the  close  of  the  year:  None. 
Miscellaneous  physical  properties  operated  at  the  close  of  the  year:  None. 

Mileage , traffic , and  miscellaneous  statistics. 


Item. 

(a) 

Number 

or 

amount. 

<&) 

Item. 

(a) 

Number 

or 

amount. 

(6) 

Passenger-car  mileage 

Passenger  car-hours 

Regular  fare  passengers  carried 

Free  transfer  passengers  carried 

52,155 

6,954 

Total  revenue  from  transportation 

Revenue  from  transportation  per  car- 
mile 

$7,857.85 

.15066 

1. 12997 
7,857.85 
.15066 
1. 12997 
5,107.24 
.09792 
. 73443 

184,184 

181,574 

365,758 

1,959 

$7,857.85 

.04266 

.02148 

Revenue  from  transportation  per  car- 
hour  

Total  passengers  carried 

Employees  and  others  carried  free 

Passenger  revenue 

Average  fare,  revenue  passengers 

Average  fare,  all  passengers  (including 
transfer  passengers) 

Total  operating  revenues 

Operating  revenues  per  car-mile 

Operating  revenues  per  car-hour 

Total  operating  expenses 

Operating  expenses  per  car-mile 

Operating  expenses  per  car-hour 

Accidents  to  persons:  None. 


Employees. 

General  administration : 

General  officers 3 

General  office  clerks 1 

Maintenance  of  way  and  structures,  superintendent 1 

Transportation  employees * 4 

Aggregate  salaries  and  wages  paid  for  the  year $3, 416 


Description  of  equipment:  Closed  passenger  cars,  with  electric  equipment,  2. 

Contracts,  agreements,  etc.:  None. 

VERIFICATION. 

District  of  Columbia,  ss: 

L.  E.  Payne  makes  oath  and  says  that  he  is  secretary  of  East  Washington  Heights 
Traction  Railroad  Co.  of  the  District  of  Columbia;  that  it  is  his  duty  to  have  super- 
vision over  the  books  of  account  of  the  respondent  and  to  control  the  manner  in  which 
such  books  are  kept;  that  he  knows  that  such  books  have,  during  the  period  covered 
by  the  foregoing  report,  been  kept  in  good  faith  in  accordance  with  the  accounting 
and  other  orders  of  the  Public  Utilities  Commission  effective  during  the  said  period; 
that  he  has  carefully  examined  the  said  report,  and  to  the  best  of  his  knowledge  and 
belief  the  entries  contained  in  the  said  report  have,  so  far  as  they  relate  to  matters  of 
account,  been  accurately  taken  from  the  said  books  of  account  and  are  in  exact  accord- 
ance therewith;  that  he  believes  that  all  other  statements  of  fact  contained  in  the  said 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  29 


report  are  true,  and  that  the  said  report  is  a correct  and  complete  statement  of  the 
business  and  affairs  of  the  above-named  respondent  during  the  period  of  time  from 
and  including  January  1,  1916,  to  and  including  December  31,  1916. 

L.  E.  Payne. 

Subscribed  and  sworn  to  before  me,  a notary  public  in  and  for  the  District  named, 
this  30th  day  of  January,  1917. 

[seal.]  William  A.  Lee, 

Notary  Public , District  of  Columbia. 

My  commission  expires  November  23,  1921. 

SUPPLEMENTAL  OATH. 

District  of  Columbia,  ss: 

Arthur  E.  Randle  makes  oath  and  says  that  he  is  president  of  East  Washington 
Heights  Traction  Railroad  Co.  of  the  District  of -Columbia,  that  he  has  carefully  exam- 
ned  the  foregoing  report;  that  he  believes  that  all  statements  of  fact  contained  in  the 
said  report  are  true,  and  that  the  said  report  is  a correct  and  complete  statement  of  the 
business  and  affairs  of  the  above-named  respondent  during  the  period  of  time  from 
and  ificluding  January  1,  1916,  to  and  including  December  31,  1916. 

Arthur  E.  Randle. 

Subscribed  and  sworn  to  before  me,  a notary  public  in  and  for  the  District  above 
named,  this  30th  day  of  January,  1917. 

[seal.]  * William  A.  Lee, 

Notary  Public , District  of  Columbia. 

My  commission  expires  November  23,  1921. 


THE  CAPITAL  TRACTION  CO. 


Name  of  officer  in  charge  of  correspondence  with  tiie  commission  regarding  this 
report:  George  E.  Hamilton,  president,  Thirty-sixth  and  M Streets  N\V.,  Washington, 
D.  C. 


IDENTITY  OF  RESPONDENT. 


Exact  name  of  company  making  this  report:  The  Capital  Traction  Co. 

Date  of  organization:  September  21,  1895. 

Under  laws  of  what  Government,  State,  or  Territory  organized?  United  States. 

If  a consolidated  or  a merging  company,  name  all  constituent  and  all  merged  com- 
panies. See  “Remarks, ’ ’ above. 

Date  and  authority  for  each  consolidation  and  for  each  merger.  See  “Remarks,” 
above. 

If  a reorganized  company,  give  name  of  original  corporation,  refer  to  laws  under 
which  it  was  organized , and  state  the  occasion  for  the  reorganization.  See  ‘ ‘ Remarks,  ’ ’ 
above. 

State  whether  or  not  the  respondent  during  the  year  conducted  any  part  of  its  busi- 
ness under  a name  or  names  other  than  that  shown  in  response  to  first  inquiry  above. 
No. 

Give  name  of  operating  company,  if  any,  having  control  of  the  respondent’s  prop- 
erty. None. 

REMARKS. 


The  Washington  & Georgetown  Railroad  Co.  was  organized  under  authority  of  an 
act  of  Congress  approved  May  17,  1862  (12  Stats.,  p.  388). 

The  Rock  Creek  Railway  Co.  was  organized  under  authority  of  an  act  of  Congress 
approved  June  23,  1888  (25  Stats.,  p.  199);  amended  May  28,  1890  (26  Stats.,  p.  121); 
amended  March  3,  1891  (26  Stats.,  p.  835);  amended  April  30,  1892  (27  Stats.,  p.  23); 
amended  March  1,  1895  (28  Stats.,  p.  700).  Under  authority  granted  in  this  amend- 
ment the  Rock  Creek  Railway  Co.  purchased  the  Washington  & Georgetown  Railroad 
Co.  September  21,  1895,  and,  by  virtue  of  said  amendment,  operates  under  name  of 
the  Capital  Traction  Co.;  amended  June  2,  1900  (Public.  No.  136);  amended  June 
4,  1900  (Public,  No.  143);  amended  May  23,  1908  (Public,  No.  134). 

In  addition  to  the  foregoing,  there  are  provisions  in  other  acts  of  Congress,  some 
having  relation  to  charters  of  other  roads  and  some  of  general  application,  which  refer 
to  the  Capital  Traction  Co. 


Directors. 


Name  of  director. 

Office  address. 

Date  of 
beginning 
of  term. 

Date  of 
expiration 
of  term. 

George  E.  Hamilton 

Thirty-sixth  and  M Streets,  NW.,  Wash- 
ington D.  C. 

Jan.  12,1916 

Jan.  10,1917 

Henry  Hurt 1 

1625  P Street  NW.,  Washington,  D.  0 

do 

Do. 

Edward  J . Stellwagen 

Union  Trust  Co.,  Washington,  D.  O 

do 

Do. 

John  S.  Larcombe 

808  Seventeenth  Street  NW.,  Washington, 
D.  C. 

do 

Do. 

David  S.  Carll 

Thirty-sixth  and  M Streets  NW.,  Wash- 
ington, D.  ('. 

do 

Do. 

Benjamin  W.  Guy 

315  Ninth  Street  NW.,  Washington,  D.  C . 

do 

Do. 

John  M.  Perrv 

54  Wall  Street,  New  York  City 

do 

Do. 

John  H.  ITanha2 

Thirty-sixth  and  M Streets  NW..  Wash- 
ington, D.  C. 

Mar.  8, 1916 

Do. 

1 Died  Jan.  24, 1916.  2 Elected  Mar.  8, 1916,  vice  H.  Hurt,  deceased. 

Give  the  names  and  titles  of  all  officers  of  the  board  of  directors  in  control  of  the 
respondent  at  the  close  of  the  year.  Chairman  of  board,  George  E.  Hamilton;  secre- 
tary of  board,  H.  D.  Crampton. 

30 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  31 


Name  the  members  of  the  executive  committee  of  the  board  of  directors  of  the 
respondent  at  the  close  of  the  year  (naming  first  the  chairman)  and  state  briefly  the 
powers  and  duties  of  that  committee.  George  E.  Hamilton  (chairman),  E.  J.  Stell- 
wagen,  D.  S.  Carll,  and  J.  H.  Hanna.  Under  Article  XI  of  by-laws  of  the  company 
it  is  provided  as  follows:  “The  executive  committee  shall  consist  of  three  members 
of  the  board  of  directors,  besides  the  president,  who,  by  virtue  of  his  office,  shall  be 
chairman  of  the  executive  committee;  and  of  this  committee  three  shall  constitute  a 
quorum  for  the  transaction  of  business.  All  powers  and  duties  of  the  board  of  direc- 
tors not  herein  delegated  to  the  officers  of  the  company  shall  be  exercised  and  dis- 
charged during  the  recess  of  the  board  by  the  executive  committee  subject  to  such 
restrictions  as  the  board  may  from  time  to  time  impose.” 


Principal  general  officers . 


Title  of  general  officer. 

Name  of  person  holding  office 
at  close  of  year. 

Office  address. 

Salary. 

President 

First  vice  president 

George  E.  Hamilton 

David  S.  Carll 

Thirty-sixth  and  M Streets  N W. , 
Washington,  D.  C. 

do 

$12, 000 

5.000 
10,000 

4,600 

4.000 
See  above. 

6.000 

6,000 

Second  vice  president 

John  H.  Hanna. 

do 

Secretary 

H.  D.  Crampton 

do 

Treasurer 

R.  D.  Simms 

do 

General  counsel 

George  E.  Hamilton 

do 

Attorney 

Do 

G.  Thos.  Dunlop 

Frank  J.  Hogan 

Evans  Building,  Washington, 
D.  C. 

do 

Employees  other  than  officers. 


Class. 

Number 
of  em- 
ployees. 

Ai 

Per 

month. 

rerage  wag 

Per 

week. 

es. 

Per 

day. 

Maxi- 
mum 
hours  con- 
tinuous 
service. 

GENERAL  AND  MISCELLANEOUS. 

Assistant  engineers 

2 

$132.  50 

■* 

Roadmaster 

1 

150. 00 

Clerks,  bookkeepers,  stenographers 

13 

117. 44 

7J-10J 

Do.  .n 

31 

$12. 35 

7§-  8 

Janitors,  messengers,  etc 

6 

$1.80 

8 -12 

POWER. 

Engineers 

7 

109. 18 

8 

Oilers 

8 

2. 25 

8 

Firemen 

15 

2. 21 

8 

Electrician  (chief) 

1 

225.00 

Electrician 

1 

92.50 

9 

Lineman  (chief) 

1 

118. 75 

9 

Linemen 

2 

2. 35 

9 

Substation  employees 

4 

2.50 

i 11  -13 

Other  power-plant  employees  (including  repair  men) 

10 

2. 25 

8 

TRANSPORTATION. 

Division  superintendents 

10 

114.37 

10 

Inspector  (chief) 

1 

104. 00 

Inspectors 

8 

22. 75 

10 

Starters 

2 

2.37 

10 

Conductors  (see  “Remarks”) 

307 

/ 2 10 

Motormen  (see  “Remarks”) 

299 

\ 3 12 

r 2io 

Switchmen,  flagmen,  yardmen 

. 16 

1.77 

\ 3 12 

10 

Road  and  track  men 

61 

1.95 

91-10 

Shed  men 

35 

1.70  1 

10 

Other  transportation  employees 

13 

118.98 

10  -12 

Do 

6 

j 3.05  1 

io  -lii 

1 The  employees  who  are  at  the  substations  lor  13  hours  usually  sleep  from  2 to  3 hours,  beds  being  pro- 
vided for  them. 

2 Average. 

8 Maximum. 


32  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Employees  other  than  officers — Continued. 


Class. 

Number 
of  em- 
ployees. 

A^ 

Per 

month. 

rerage  wag 

Per 

week. 

es. 

Per 

day. 

Maxi- 
mum 
hours  con- 
tinuous 
service. 

CAR  HOUSES  AND  SHOPS. 

Master  mechanic 

1 

§162. 50 

Foremen 

4 

106.  25 



9 

Clerk 

1 

82.50 



8 

Armature  winders 

2 

$2.75 

9 

Electricians 

2 

3.00 

9 

Car  cleaners 

5 

1.70 

9 

Car-house  men  and  shopmen 

47 

2.38  I 

91 

Carpenter 

1 

3.50 

9* 

Machinists 

4 

3. 11 

9 

Woodworkers. 

4 

3.00 

9 

Painters 

8 

2.47 

9 

Other  car-house  and  shop  employees 

11 

1.59 

91-12 

Do 

1 

60.00 



! 

REMARKS. 

Up  to  March  14,  1916,  the  payoi  conductors  and  motormen  was  based  on  a rate  of  22\  cents  per  hour 
and,  in  addition  bonus  wage  was  paid  as  described  on  page  102  of  report  of  this  company  to  the  Pub- 
lic Utilities  Commission  for  year  1915. 

Beginning  March  15,  1916,  the  following  rates  of  wages  of  trainmen  were  established,  based  on  length 
of  service,  as  follows:  23§,  24J,  2%,  26£,  and  27  cents  per  hour. 

The  wages  paid  under  the  above  classification  were  distributed  between  different  rates,  respectively, 
as  follows:  28.6,  29.2, 10.6,  12.6,  and  19  per  cent. 


Transportation  corporations  controlled  by  respondent:  None. 

Nontransportation  corporations  controlled  by  respondent:  None. 

VOTING  POWERS  AND  ELECTIONS. 

1.  State  the  par  value  of  each  share  of  stock.  Common,  $100  per  share. 

2.  State  whether  or  not  each  share  of  stock  has  the  right  to  one  vote.  Yes. 

3.  Are  voting  rights  proportional  to  holdings?  Yes. 

4.  Ape  voting  rights  attached  to  any  securities  other  than  stock?  No. 

5 . Has  any  class  or  issue  of  securities  any  special  privileges  in  the  election  of  directors, 
trustees,  or  managers,  or  in  the  determination  of  corporate  action  by  any  method?  No. 

6.  Give  the  date  of  the  latest  closing  of  the  stock  book  prior  to  the  actual  filing  of 
this  report,  and  state  the  purpose  of  such  closing.  December  11,  1916:  for  payment 
of  dividend,  January  1,  1917;  and  for  election  of  directors,  January  10,  1917. 

7.  State  the  total  voting  power  of  all  security  holders  of  the  respondent  at  the  date 
of  such  closing,  if  within  one  year  of  the  date  of  such  filing;  if  not,  state  as  of  the  close 
of  the  year.  One  hundred  and  twenty  thousand  votes,  as  of  December  11,  1916. 

8.  State  the  total  number  of  stockholders  of  record,  corresponding  to  the  answer 
to  inquiry  No.  7.  One  thousand  nine  hundred  and  thirty-two  stockholders. 

9.  Give  the  names  of  the  20  security  holders  of  the  respondent  who,  at  the  date  of 
the  latest  closing  of  the  stock  book  or  compilation  of  list  of  stockholders  of  the  re- 
spondent, (if  within  one  year  prior  to  the  actual  filing  of  this  report),  had  the  highest 
voting  powers  in  the  respondent,  showing  for  each  his  address,  the  number  of  votes 
which  he  would  have  had  a right  to  cast  on  that  date  had  a meeting  then  been  in 
order,  and  the  classification  of  the  number  of  votes  to  which  he  was  entitled,  with 
respect  to  securities  held  by  him,  such  securities  being  classified  as  common  stock, 
second  preferred  stock,  first  preferred  stock,  and  other  securities,  stating  in  a footnote 
the  names  of  such  other  securities  (if  any).  If  any  such  holder  held  in  trust,  give  (in  a 
footnote)  the  particulars  of  the  trust.  If  the  stock  book  was  not  closed  or  the  list  of 
stockholders  compiled  within  such  year,  show  such  20  security  holders  as  of  the 
close  of  the  year. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  33 


Name  of  security  holder. 

Address  of  security  holder. 

Number  of 
votes 
to  which 
securely 
holder 
was 

entitled. 

Number  of 
votes, 
classified 
with 

respect  to 
securities 
on  which 
based, 
common 
stocks. 

American  Security  & Trust  Co.,  trustee1. 

Washington,  D.  C 

1,000 

1,000 

C.  Brooke  Baker. \ 

1912  Sunderland  Place,  Washington, 

2,  43S 

2, 438 

Annie  V.  Barbour 

D.  C. 

1741  Rhode  Island  Avenue,  Washing- 

1,246 

1,246 

S.  Thos.  Brown 

ton,  D.  C. 

National  Savings  & Trust  Co 

1,150 

1,431 

1,150 

Virginia  W.  Lowery  Brunette 

Care  Woodbury  Blair,  Hibbs  Building. 

1,431 

John  Dickson  Home 

Washington,  D.  C 

1,000 
1, 658 
1,225 

1,000 

1,658 

G.  Thos.  Dunlop 

Care  Union  Trust  Co 

John  Dunlop 

do 

1,225 

Grace  G.  D.  Ecker 

do 

1,055 

6,000 

1,055 

6,000 

Louise  E.  Hitchcock 

Care  Second  National  Bank,  New 

Robert  Walton  Goelet 

York  City. 

9 West  Seventeenth  Street 

1,117 

1,117 

Ethel  B . and  A.  Gordon  Norrie,  trustee2. 

Care  A.  Iselin  & Co.,  Wall  Street,  New 

1,000 

1,000 

Chas.  Remsen,  trustee 3 

York. 

55  William  Street,  New  York  City 

1,720 

1,720 

1,720 

2,238 

1,720 

Do. 4 

do 

1,720 

Do. 5 

do 

1,720 

Fred  W.  Sharon 

Palace  Hotel,  San  Francisco,  Cal.,  care 

2,238 

Emily  R.  D.  Simms 

J.  C.  Newlands. 

Care  Union  Trust  Co 

1,031 

1,031 

United  States  Trust  Co.  of  New  York, 

45  Wall  Street,  New  York 

900 

900 

trustee.6 

Helen  D.  Urquhart 

Care  Union  Trust  Co 

1,268 

1,605 

1.268 

Henry  K.  Willard 

1416  F.  Street  

1,605 

1 Trustee  under  will  of  Ellen  D.  Lane. 

2 Trustee  under  will  of  A.  Laufear  Norrie. 

2 Charles  Remsen,  trustee,  and  Central  Trust  Co.,  of  New  York,  substituted  trustee  for  benefit  of  Sarah 
Re  insen  Manice. 

4 Charles  Remsen,  trustee,  and  Central  Trust  Co.,  of  New  York,  substituted  trustee  for  benefit  of  Charles 
Remsen. 

5 Charles  Remsen,  trustee,  and  Central  Trust  Co.,  of  New  York,  substituted  trustee  for  benefit  of  Eliza- 
beth Remsen. 

6 Trustee  under  will  of  E.  A.  Hammond. 

10.  State  the  total  Aumber  of  votes  cast  at  the  latest  general  meeting  for  the  election 
of  directors  of  the  respondent.  Ninety-six  thousand  and  seventy-three  votes  cast. 

11.  Give  the  date  and  place  of  such  meeting.  General  offices,  Thirty-sixth  and 
M Streets  NW.,  Washington,  D.  C.,  January  10,  1917. 


CORPORATE  CONTROL  OVER  RESPONDENT. 


1.  Did  any  corporation  or  corporations,  transportation  or  other,  hold  control  over 
the  respondent  at  the  close  of  the  year?  No. 

2.  Did  any  individual,  association,  or  corporation  hold  control,  as  trustee,  over  the 
respondent  at  the  close  of  the  year?  No. 

Guaranties  and  suretyships:  None. 


H.  Doc.  2038,  64-2 3 


34  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Comparative  general  balance  sheet. 


ASSETS. 


Balance  at 
beginning 
of  year. 

Item. 

Balance  at 
close  of  year. 

Net  change 
during  year 
(increase 
in  roman, 
decrease 
in  italic). 

*17,663,424.02 

138,674.05 

INVESTMENTS. 

$17, 651,153.49 
15,977.50 
102, 813. 59 

$12,270.53 
15,977.50 
35,860. 46 

Deposits  in  lieu  of  mortgaged  property  sold 

Miscellaneous  physical  property 

Total  investments 

17,802,098. 07 

17, 769,944.58 

32,153.49 

CURRENT  ASSETS. 

Cash 

76,083.50 
308. 176. 59 
1,500.00 
51,507.  21 
58, 065. 37 
300.  00 

84,586.83 
313,882. 81 
79, 000. 00 
52, 399. 95 
64, 695. 29 
300.00 

8,503.33 
5, 706.  22 
77,500.00 
892.  74 
6, 629. 92 

Special  deposits 

Loans  and  notes  receivable 

Miscellaneous  accounts  receivable 

Material  and  supplies 

Other  current  assets 

Total  current  assets 

DEFERRED  ASSETS. 

Insurance  and  other  funds 

( bi ) Total  book  assets  at  close  of  vear $375, 205. 40 

(62)  Respondent’s  own  issues  included  in  (5i).  194,000.00 

UNADJUSTED  DEBITS. 

Rents  and  insurance  premiums  paid  in  advance 

Property  abandoned  chargeable  to  operating  expenses 

Other  unadjusted  debits 

495, 632.  67 

594, 864. 88 

99, 232. 21 

120, 894. 08 

181, 205.  40 

60,311.32 

29,595.20 

38,141.28 

18, 532. 37 
25,895. 80 
40, 241. 28 

18,532.37 

3,699.40 

2, 100. 00 

Total  unadjusted  debits 

Grand  total 

67, 736. 48 

84, 669.  45 

16,932. 97 

18, 486, 361.30 

18, 630, 684. 31 

144,323.01 

*12,000,000.00 


5,611,000.00 


143.51 
7, 184.  75 
185, 672. 63 
23, 387. 52 
31, 880. 00 


248, 268. 41 


15,083.36 


66, 857. 83 
5,  925.25 
189, 400. 00 
11,250.00 
120,  494. 08 
23, 068. 18 


416,  995.34 


195, 014.19 


18,486,361.30 


LIABILITIES. 


STOCK. 

Capital  stock 

Il2, 000, 000.00 

LONG-TERM  DEBT. 

Funded  debt  unmatured 

5,606,000.00 

$5,000.00 

(fti)  Total  book  liability  at  close  of  year. . . $6, 000, 000. 00 
(62)  Respondent’s  holdings  included  in  (6i)  394,000.00 

CURRENT  LIABILITIES. 

Audited  accounts  and  wages  payable 

162. 14 
8,365.37 
193, 743.40 
23,358.32 
31,725.00 

18.63 
1, 180. 62 
8,070. 77 
29.20 
155.00 

Miscellaneous  accounts  payable 

Matured  interest,  dividends,  and  rents  unpaid 

Accrued  interest,  dividends,  and  rents  payable 

Other  current  liabilities 

Total  current  liabilities 

DEFERRED  LIABILITIES. 

Other  deferred  liabilities 

UNADJUSTED  CREDITS. 

Tax  liability 

257,354.23 

9,085.82 

11,489.39 

3, 593, 97 

71,292.54 
5,  734.-25 
194,150.00 

4,434.71 
191,00 
4,  750.  Q0 
11,250.00 
60,561.32 
3, 667. 13 

Premium  on  funded  debt 

Insurance  and  casualty  reserves 

Operating  reserves 

Accrued  depreciation — road  and  equipment 

181,055.40 
19, 401.05 

Other  unadjusted  credits 

Totql  unadjusted  credits 

CORPORATE  SURPLUS. 

Profit  and  loss,  credit  balance 

471,633.24  54,637.90 

284,207.45  i 89,193.26 

Grand  total 

18,630,684.31  144,323.01 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  35 


Road  and  equipment. 


Account. 


I.  WAY  AND  STRUCTURES. 


Engineering  and  superintendence 

Right  of  way 

Other  land  used  in  electric  railway  operations. 

Rails,  rail  fastenings,  and  joints 

Special  work 

Underground  construction 

Track  and  roadway  labor 

Paving 

Roadway  machinery  and  tools 

Signals  and  interlocking  apparatus 

Underground  conduits 

Distribution  system 


General  office  buildings 

Shops  and  carhouses 

Stations,  miscellaneous  buildings,  and  struc- 
tures. 

Total  expenditures  for  way  and  structures. 
II.  EQUIPMENT. 


Passenger  and  combination  cars . 

Electric  equipment  of  cars 

Shop  equipment 

Furniture 

Miscellaneous  equipment 


Total  expenditures  for  equipment. 
III.  POWER. 


Power  plant  buildings. . 
Substation  buildings 
Power  plant  equipment. 


Transmission  system . 


Total  expenditures  for  power 

IV.  GENERAL  AND  MISCELLANEOUS. 

Miscellaneous 

Grand  total 


Invest- 
ment in 
road  and 
equip- 
ment, 
Jan.  1, 
1915,  to 
close  of 
preceding 
year 


$41.77 


12.05 

325.99 

1,898.74 


5.20 

" ' 51.87 

21.57 

105.62 

20.00 


2,368. 67 


774. 70 
10.00 


210. 15 


974.85 


703.02 


25.00 
340. 78 


1,018.80 


99.80 


4, 462. 12 


Invest- 
ment in 
additions 
and  bet- 
terments 
during 
the  year. 


$778. 76 
1,841.32 
8.00 
3,861.58 
10,656.35 
14,  756. 11 
3,  713. 89 
7,  999. 66 
1,856.45 


3,867.17 

50,895.08 

667.  75 
1,210.31 
4.70 


326. 97 


3,181.07 
27.31 
19.50 
7Q0. 11 
32.11 


2,466.26 


258.36 

8.22 

8,357.32 

2,040.50 


10,131.24 


12,270.53  12,270.53 


Total 
invest- 
ment in 
road  and 
equip- 
ment 
during 
the  year. 


$778. 76 
1,841.32 
8.00 
3,861.58 
10, 656.35 
14,  756. 11 
3,713.89 
7,  999.66 
1,856.45 


3, 867. 17 
50,895.08 

667.  75 
1,210.31 
4.70 


326. 97 


3,181.07 
27.31 
19.50 
700. 11 
32.11 


2,466.26 


258.36 
8. 22 
8, 357. 32 

2,040.50 


10, 131.. 


Total 
invest- 
ment in 
road  and 
equip- 
ment 
since 
Dec.  31, 
1914. 


$778.  76 
1,841.32 
8.00 
3,903.35 
10, 656. 35 
14,  768. 16 
4, 039. 88 
9, 898. 40 
1,856.45 
5.20 
3, 867. 17 
50, 946. 95 

689.32 

1,315.93 

24.70 


2,695.64 


2,406.37 

17.31 
19.50 
910. 26 
32.11 


1,491.41 


961.38 
8. 22 
8, 382. 32 

1,699.72 


9,112.44 


99.80 


Remarks. 


Sale  of  old  cop- 
per cable. 


Sale  of  old  cars. 


Sale  of  old  boil- 
ers. 

Sale  of  old  cop- 
per caDle. 


Respondent's  investment  in  road  and  equipment  at  close  of  year. 


Investment  to  Dee.  31,  1908 $14,  808,  858.  49 

Investment  from  Dec.  31,  1908,  to  Dec.  31,  1914 2,  850, 103.  41 

Investment  since  Dec.  31,  1914 7,  808.  41 


Total  investment  in  road  and  equipment 17,  651, 153.  49 


Figures  as  shown  by  last  report  being  reduced  by  $138,214.57  value  of  miscellaneous 
physical  property  Dec.  31,  1914. 

Length  of  road  owned,  29.075  miles. 

Average  investment  per  mile  of  road,  exclusive  of  improvements  on  leased  lines, 
$607,090.40. 

Length  of  track  owned,  63.23  miles. 

Average  investment  per  mile  of  track,  $279, 157.89. 

Memorandum  of  securities  included  in  investment  in  “road  and  equipment:  ” None. 


36  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA, 


Summary  of  securities  owned. 

SECURITIES  ISSUED  OR  ASSUMED  BY  RESPONDENT — BONDS  AND  OTHER  EVIDENCE 

OF  FUNDED  DEBT. 

Securities  held  in  sinking  and  other  special  funds 

Par  value 

Book  value 

Securities  held  unencumbered : 

Par  value 

Book  value 

Total  securities  owned : 

Par  value 

Book  value 

Sinking  funds:  None. 

DEPOSITS  IN  LIEU  OF  MORTGAGED  PROPERTY  SOLD. 

Name  of  mortgage:  First  mortgage. 

Description  of  deposit:  Cash  payment  account  of  sale  of  land  at  Fourteenth  and 
Decatur  Streets  northwest  covered  in  the  mortgage  deposited  at  Union  Trust  Co. 
Book  value  at  close  of  year,  $15,977.50. 


$194,  000 
194,  000 

200,000 
200,  000, 

. 394,  000 
394,000 


Miscellaneous  physical  property. 


Name  and  description  of  physical  property  held  at  close  of  year 
as  an  investment. 

1 

Date  I 
of 

acquisi- 

tion. 

Actual 
money 
cost  to  re- 
spondent. 

Amount 
at  which 
carried  on 
respond- 
ent’s books 
at  close 
of  year. 

Blacksmith  shop,  brick,  square  1200,  part  lot  43 

1878 

$] , 300. 00 

81,300.00 
90,923.02 
3, 705. 70 

Old  car-barn  property,  square  635,  part  lots  6,7,8,  9,  all  lot  11 

1884 

90, 923. 02 
3, 705. 70 

Old  power  station,  square  2563,  lot  34 

1892' 

Lunch  room,  square  504,  part  lot  13 

1889  | 

2,255.81 
j 4, 629. 06 

2, 255.  81 
4,629.06 

3 store  buildings,  square  235,  part  lots  169, 170,  and  171 

1909  j 

' Total 

102,813.59 

Special  deposits. 


N ame  of  depositary. 

Purpose  of  deposit. 

Amount 
at  close 
of  year. 

Riggs  National  Bank 

To  cover  matured  dividends  

8159, 552. 72 

Do 

To  cover  unreleased  premium  on  bonds  sold 

5, 734. 25 

Do 

To  credit  of  road  and  equipment  account 

8, 264. 91 
71,292. 54 

American  Security  A Trust  Co 

To  cover  accrued  taxes 

Union  Trust  Co 

To  cover  matured  and  accrued  interest  on  funded 

57, 549. 00 

Do 

debt. 

To  cover  income  tax  deductions  from  salaries 

216.03 

Capital  Traction  Employees’  Relief  As- 

To cover  deposits  of  conductors  and  motormen  on 

11,273. 36 

sociation  cash  in  hands  of  treasurer 

entering  service. 

Capital  Traction  Co. 

Total 

313, 882.81 

1 

Investments  in  securities  of  noncarrier  companies  affiliated  with  respondent:  None. 
Investments  in  securities  of  carriers  affiliated  with  respondent:  None. 

Investments  in  securities  of  nonaffiliated  companies:  None. 

Investment  advances  to  other  companies:  None. 

Securities  and  other  intangibles  owned  or  controlled  through  nonreporting  sub- 
sidiaries: None. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  37 


Insurance  and  other  funds. 


Fund 

mark. 

Name  of  fund. 

Purpose  of  fund. 

Name  of  trustee  of  fund. 

A 

Insurance  reserve  fund 

To  provide  against  losses  by  fire. . 

To  cover  depreciation  on  road  and 
equipment. 

No  trustee;  securities  held  by 
treasurer;  cash  deposited  in 
bank. 

Cash  deposited  in  bank. 

B 

Depreciation  reserve  fund . . . 

Fund  mark. 

Balance 
in  fund  at 
beginning 
of  fund. 

Additions  to  fund  during  year. 

With- 
drawals 
from  fund 
during 
year. 

Balance 
in  fund  at 
close  of 
year. 

Cash 
in  fund 
uninvested 
at  close  of 
year. 

Income 
from 
invest- 
ment of 
fund. 

Cash 

appropria- 
tions to 
fund. 

Total 
additions 
to  fund. 

A 

.$189, 400. 00 

$4,  750. 00 
121, 878. 55 

$4,750.00  : 
124,883.36  j 

$194,150.00 
181, 055. 40 

$150. 00 
181,055.40 

B 

Total 

120,  494. 08 

$3, 004. 81 

$64, 322. 04 

309,  894. 08 

3,004.81 

126, 628. 55 

129,633.36  64,322.04 

375, 205. 40 

181,205.40 

Fund  mark. 

Names  of  securities  and  other  investments  in  fund  at  close 
of  year. 

Securities  i 
sumed  bj 
and  held 
close  of ; 

Par  value. 

ssued  or  as- 
t respondent 
in  fund  at 
pear. 

Book 

value. 

A 

Capital  Traction  Co.  5 per  cent  gold  coupon  bonds 

$194,000.00 

$194,000.00 

Discounts  and  'premiums  on  securities  outstanding. 
Capital  Traction  Co.  5 per  cent  40-year  gold  coupon  bonds: 


Unextinguished  discount  at  beginning  of  year 1 $5,  925.  25 

Discount  written  off  during  year  to  “Income” 1 191.  00 


Discount  un extinguished  at  close  of  year 


1 5,  734.  25 


Property  abandoned  chargeable  to  operating  expenses. 


Carhouse  at  Water  and  P Streets  SW.  (loss  in  remodeling): 

Date  of  abandonment,  1914. 

Amount  charged  to  this  account  as  of  time  of  abandonment $36,  994.  00 

Amount  written  off  to  operating  expenses  prior  to  beginning  of 

year 7,  398.  80 

Amount  written  off  to  operating  expenses  during  year 3.  699.  40 

Remainder  not  yet  written  off 25,  895.  80 


Other  unadjusted  debits. 

Valuation  expenses— cost  of  appraisal  of  company’s  property  to  be 
charged  to  operating  expenses,  distributed  in  monthly  charges  over 
a period  of  10  years: 

Amount  charged  to  this  account 

Amount  written  off  to  operating  expenses  prior  to  beginning  of 

year 

Amount  written  off  to  operating  expenses  during  year 

Remainder  not  w'ritten  off 


$54,  759.  71 

7,  800.  00 
6,  718.  43 
40,  241.  28 


Credit. 


38  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Capital  stock. 


Common  stock,  authorizations  closed  prior  to  present  year: 


A * aiuu  v/x  amount  • - - - - - - "l/vj  vvl/.  vv 

Par  value  of  total  amount  actually  issued  to  close  of  year 12,  000,  000.  00 

Par  value  of  amount  actually  outstanding  at  close  of  year 12,  000,  000.  00 

Stocks  actually  issued  prior  to  present  year — 

Par  value 12,000,000.00 

Cash  value  of  other  property  acquired  as  consideration  for 

issue ‘ 12,000,000.00 

Rates  and  dates  of  declaration  of  dividends  during  year,  5 per 
cent  per  annum,  Mar.  8,  June  14,  Sept.  13,  and  Dec.  13 — 

Amount  of  dividends  declared  during  year 600,  000.  00 

Amount  of  dividends  paid  during  year 598,  629.  23 

Amount  of  dividends  due  and  unpaid  at  close  of  year 159,  552.  72 


Stock  liability  for  conversion  of  securities  of  other  companies:  None. 

Summary  statement  of  unmatured  funded  debt. 

MORTGAGE  BONDS. 


Amount  nominally  but  not  actually  issued  at  close  of  year  held  by 

respondent  unencumbered . . . *.  $200,  000.  00 

Reacquired  after  actual  issue  and  held  alive  by  or  for  respondent, 

pledged  or  otherwise  encumbered 194,  000.  00 

Amount  actually  outstanding  at  close  of  year 5,  606,  000.  00 

Interest  liability  at  close  of  year  on  actually  outstanding  debt: 

Interest  matured  and  unpaid 34, 190.  68 

Interest  accrued  not  due 23,  358.  32 

Interest  during  year  on  actually  outstanding  debt: 

Interest  accrued .V 280,  395.  80 

Interest  paid 273,  725.  00 


Security  for  unmatured  funded  debt:  Copy  of  mortgage  filed  with  report  for  period 
ending  December  31,  1915. 

Equipment  obligations:  None. 

Unmatured  funded  debt  other  than  equipment  obligations. 

Capital  Traction  Co.  first  mortgage  5 per  cent  gold  coupon  bonds  1907-1947: 


Nominal  date  of  issue,  June  1,  1907. 

Date  of  maturity.  June  1,  1947. 

Interest  provisions — 

Rate  per  cent  per  annum.  5 per  cent. 

Dates  due,  December  1 and  June  1. 

Par  value  of  extent  of  indebtedness- authorized $6,  000,  000.  00 

Par  value  of  evidences  of  debt — 

Nominally  but  not  actually  issued 200,  000.  00 

Actually  issued  to  close  of  year 5,  800,  000.  00 

Reacquired  after  actual  issue  and  held  alive  at  close  of  year. . 194,  000.  00 

Actually  outstanding  at  close  of  year 5,  606,  000.  00 

Evidences  of  debt  actually  issued  prior  to  present  year — 

Par  value  of  total  amount 5,  800,  000.  00 

Cash  received  as  consideration  for  issue 5,  809,  656.  26 

Total  discount  on  actual  issues  of  prior  years 1 9,  656.  26 

Discounts  written  off  to. income  or  profit  and  loss  during  year 1 191.  00 

Total  discounts  extinguished  to  close  of  year,  charged  to  operating 

expense,  income,  or  profit  and  loss 1 3,  922.  01 

Amount  of  interest  accrued  during  year,  charged  to  income 280,  395.  80 

Amount  of  interest  paid  during  year 273,  725.  00 

Interest  liability  at  close  of  year — - 

Matured  and  unpaid 34, 190.  68 

Accrued  not  yet  due 23,  358.  32 


1 Excess  of  premiums  over  discount. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  39 


Capital  Traction  Co.  first  mortgage  5 per  cent  gold  coupon  bonds 
1907-1947 — Continued . 

Analysis  of  evidences  of  funded  debt  nominally  but  not  yet  actually 
issued,  par  value  of  amount  held  by  or  for  respondent  free  from 

all  liens  and  restrictions $200,  000.  00 

Analysis  of  evidences  of  funded  debt  reacquired  after  actual  issue 
and  held  alive,  par  value  of  amount  pledged  or  otherwise  subject 

to  lien  or  restriction 194,  000.  00 

Name  of  pledgee  or  lienor,  insurance  reserve. 

Purposes  for  which  bonds  and  other  evidences  of  funded  debt  were  issued  or  assumed 
during  the  year:  None. 

Receiver’s  certificates:  None. 

Nonnegotiable  debt  to  affiliated  companies:  None. 


Sundry  current  liabilities. 


Name  of  creditor  or  of  obligation. 

Character  of  liability  or  of  transactions  involved. 

Credit 
balance 
at  close 
of  year. 

MISCELLANEOUS  ACCOUNTS  PAYABLE. 

Washington  & Maryland  R.  R.  Co... 

Minor  accounts,  3 in  number,  each 
less  than  $1,000. 

Total 

Amount  of  tickets  and  transfers  of  this  company  in 
hands  of  Washington  & Maryland  R.  R.  Co.  awaiting 
adjustment. 

$7,028.31 

1,337.06 

8,365.37 

OTHER  CURRENT  LIABILITIES. 

Washington  Railway  & Electric  Co. . 
Washington  & Old  Dominion  Ry.... 
East  Washington  Heights  Traction 
R.  R.  Co. 

Washington  & Virginia  Ry 

Estimated  amount  of  liability  of  this  company,  account 
of  tickets  collected  during  December,  1916,  by  the 
various  other  railway  companies. 

30,000.00 

800.00 

225.00 

450.00 

250.00 

Washington  & Maryland  R.  R.  Co.1. . 

Total 

31,725.00 

1 Includes  November  also. 


Sundry  unadjusted  credits. 


Name  of  subaccount. 

Character  of  subaccount. 

Credit 
balance 
at  close 
of  year. 

INSURANCE  AND  CASUALTY  RESERVES. 

Insurance  reserve 

This  account  represents  the  liability  for  the  fund 
created  to  provide  against  loss  by  fire. 

[Tickets  other  than  those  estimated  as  being  held  by 

1 other  railway  companies  (shown  in  preceding  table) 

| issued  by  this  company  and  outstanding  Dec.  31, 
l 1916. 

$194,150.00 

OTHER  UNADJUSTED  CREDITS. 

Tickets  (4J  cents) 

] 17, 254. 20 

1 1,178.89 
f 613.96 

J 354.00 

Commutation  tickets  (2  cents) 

Metropolitan  tickets  (6?  cents) 

Transfers  (2  cents) 

Total 

19,401.05 

40  balance  sheets  public  utilities  district  OF  COLUMBIA. 


Depredation — road,  equipment,  and  miscellaneous  physical  property. 


DEBIT  ITEMS. 


Retirement  of  passenger  and  combina- 
tion cars $69.83 

Retirement  of  miscellaneous  equip- 
ment  1,926.93 

Renewal  of  track  and  roadway  during 

year  charged  to  depreciation 62, 325. 28 

Balances  at  close  of  year:  Accrued  de- 
preciation, road,  and  equipment 181, 055. 40 


Total 245, 377. 44 


CREDIT  ITEMS. 

Balances  at  beginning  of  year:  Accrued 
depreciation,  road  and  equipment . . . 120, 494. 08 


credit  items— continued. 


Credit  to  depreciation  of  road  and 
equipment  by  charges  to  operating 
expenses  during  year: 

Wav  and  structures $85,315.00 

Equipment 22,547.53 

Power-plant  building  and  equip- 
ment  14,016.02 

Interest  on  deposits  in  bank  to  credit  of 
the  fund  during  year: 

Way  and  structures 1, 732. 93 

Equipment 917.91 

Power-plant  building  and  equip- 
ment  353.97 


Total 245,377.44 


BASES  OF  DEPRECIATION  CHARGES. 

Pending  establishing  by  the  Public  Utilities  Commission  of  the  District  of  Columbia 
of  rates  of  depreciation,  the  company  credited  to  “Depreciation  reserve”  by  charges 
through  operating  expenses  $121,878.55,  approximately  5£  per  cent  of  the  railway 
operating  revenue  for  the  year  compared  with  3£  per  cent  for  the  year  1915,  the 
apportionment  of  charges  between  the  different  classes  of  property  being  based  on 
the  relative  value  of  same.  Cash  to  the  above  amount  was  deposited  in  bank  to 
credit  of  the  depreciation  reserve  fund  and  during  the  year  accumulated  $3,004.81 
interest,  which  remained  as  a credit  to  the  fund,  bringing  the  total  amount  by  which 
the  fund  increased  during  the  year  to  $124,883.36. 


Profit  and  loss  statement. 


Item. 

Debits. 

Credits. 

Credits: 

Credit  balance  at  beginning  of  fiscal  period 

$195,014.19 
636, 176. 86 
59, 134.30 

Credit  balance  transferred  from  income  account 

Miscellaneous  credits 

Debits: 

Dividend  appropriations  of  surplus 

$600,000.00 
6,117.90 
284,207.  45 

Miscellaneous  debits 

Balance  carried  forward  to  balance  sbeet 

Total  

890,325.35 

890,325.35 

Dividends  declared  during  the  year. 


Name  of  security  on  which  dividend 
was  declared. 

Regular 

rate. 

Bar  value 
of  amount 

Amount  of 
dividend 

Date. 

on  which 
dividend 
was 

declared. 

Declared. 

Payable. 

Per  cent. 

[ n 

$12,000,000 

$150,000 

Mar.  8, 1916 

Apr. 

1,1916 

Capital  stock 

H 

150,000 

June  14,1916 

July 

1,1916 

1 H 

150,000 

Sept.  13,1916 

Oct. 

1,1916 

1 U 

150,000 

Dec.  13,1916 

Jan. 

1,1917 

Total 

600,000 

1 

1 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  41 
Income  statement  for  the  year. 


Item. 

Amount 
applicable  to 
the  year. 

Comparison 
with  pre- 
ceding year 
(increase  in 
roman,  de- 
crease in 
italic). 

I.  OPERATING  INCOME. 

$2.289,250. 84 
1,237,410.  29 

$82,757.25 
85, 126.32 

1,051,840. 55 

142,812.77 

2,369.07 

7,012.79 

Taxes  assignable  to  railway  operations: 

On  real  and  personal  property $21, 457. 47 

On  earnings 98,932.36 

Miscellaneous 22,422.94 

Operating  income  

909,027.78 

9,381.86 

n.  NONOPERATING  INCOME. 

Net  income  from  miscellaneous  physical  property 

2,508. 31 
6,232.90 
191.00 
4.00 

608. 72 
3,015. 13 

Income  from  unfunded  securities  and  accounts  

"Rplpfisp  nf  prp.Tninms  rm  fnndpd  dp.ht,  

Miscellaneous  income 

10.38 

Total  nonoperating  income 

8,928. 21 

2,396.03 

Ornss  inenme  

917,955. 99 

6,985.83 

m.  DEDUCTIONS  FROM  GROSS  INCOME. 

Interest  on  funded  debt 

280,395.80 

2,755.48 

2,435.07 

90.4(5 

Interest  on  unfunded  debt 

M iscellaneous  debits 

1,383.33 

Total  deductions  from  gross  income 

281, 779. 13 

410.81 

Income  balance  transferred  to  profit  and  loss 

636, 176. 86 

7,396.64 

Railway  operating  revenues . 


Class  of  railway  operating  revenues. 

Amount  of 
revenue  for 
the  year. 

Comparison 
with  revenue 
of  preceding 
year(increases 
in  roman, 
decreases  in 
italic). 

I.  REVENUE  FROM  TRANSPORTATION. 

Passenger  revenue 

$2, 273,594.30 
100.50 
504.39 

$82, 135. 21 
67.50 
61. 21 

Parlor,  sleeping,  dining,  and  special  car  revenue 

Mail  revenue 

Total  revenue  from  transportation 

2,274, 199. 19 

82,263.92 

II.  REVENUE  FROM  OTHER  RAILWAY  OPERATIONS. 

Station  and  car  privileges 

10,833.  74 
555.00 
3,662.91 

815. 19 
141.00 
180.86 

Rent  of  equipment 

Power 

Total  revenue  from  other  railway  operations 

15,051.65 

493.33 

Tota'l  operating  revenues 

2.289,250. 84 

82,757.25 

Auxiliary  operations:  None. 
Miscellaneous  operations:  None. 


42  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Railway  operating  expenses. 


Name  of  railway  operating  expense  account. 


I.  WAY  AND  STRUCTURES. 

.Superintendence  of  way  and  structures 

Ties 

Rails 

Rail  fastenings  and  joints 

Special  work 

Underground  construction 

Track  and  roadway  labor 

Miscellaneous  track  and  roadway  expenses 

Paving 

Cleaning  and  sanding  track 

Removal  of  snow  and  ice* 

Bridges,  trestles,  and  culverts 

Crossings,  fences,  and  signs 

Signal  and  interlocking  apparatus 

Poles  and  fixtures 

Underground  conduits 

Distribution  system 

Buildings,  fixtures,  and  grounds 

Depreciation  of  way  and  structures 

Total  way  and  structures 

n.  EQUIPMENT. 

Superintendence  of  equipment 

Passenger  and  combination  cars 

Service  equipment 

Electric  equipment  of  cars 

Shop  equipment 

Shop  expenses 

Vehicles  and  horses 

Miscellaneous  equipment  expenses 

Depreciation  of  equipment 

Total  equipment 


in.  POWER. 

Superintendence  of  power 

Power  plant  buildings,  fixtures,  and  grounds 

Power  plant  equipment 

Substation  equipment 

Transmission  system 

Depreciation  of  power  plant  buildings  and  equipment. 

Power  plant  employees 

Fuel  for  power ." 

Water  for  power 

Lubricants  for  power 

Miscellaneous  power  plant  supplies  and  expenses 

Substation  employees 

Substation  supplies  and  expenses 

Total  power 


IV.  CONDUCTING  TRANSPORTATION. 

Superintendence  of  transportation 

Passenger  conductors,  motormen,  and  trainmen 

Miscellaneous  car-service  employees 

Miscellaneous  car-service  expenses 

Station  employees 

Station  expenses 

Carhouse  employees : 

Carhouse  expenses 

Operation  of  signal  and  interlocking  apparatus 

Other  transportation  expenses 

Total  conducting  transportation 

V.  TRAFFIC. 

Advertising 

Parks,  resorts,  and  attractions 


Amount  of 
operating 
expenses  for 
the  year. 

Comparison 
with  ex- 
penses of  pre- 
ceding year 
(increases 
in  roman, 
decreases 
in  italic). 

S3, 747.  84 

tS78. 28 

475.84 

591.^1 

243  % 

126.63 

911.06 

28.98 

4, 742. 18 

808.28 

6,178. 16 

3,  457. 84 

22,  809.  86 

42.01 

1,572. 18 

667.09 

21.:  3 

6,682.91 

5, 597. 16 

294.05 

1,169. 58 

866.76 

46. 20 

1,988.63 

31.21 

30.  41 

281.92 

240. 31 

221. 98 

164. 12 

815.  43 

705. 53 

4,473.00 

1,502.95 

7, 767. 12 

785. 18 

85,315.00 

68,310. 10 

167, 753. 54 

65, 122. 23 

5, 128. 80 

5,065.39 

43,000.56 

5, 485. 58 

200.06 

73.22 

18,393.86 

1, 447. 57 

377. 17 

65.16 

6,889.66 

1,356. 71 

2,208.95 

582.34 

603.60 

24.  75 

22, 547. 53 

22, 995. 38 

99,350. 19 

20,466.88 

3,005.75 

589. 14 

. 1,066.11 

409. 54 

9, 785.99 

396. 54 

308.  72 

214. 13 

62.  30 

88. 25 

14,016.02 

6,516. 02 

25, 899.  78 

1, 752. 86 

126,985. 85 

13,421.72 

225.00 

63.60 

2,559.29 

198. 27 

2,294.99 

101.  54 

3,568.59 

241. 28 

588. 96 

208.29 

190,367. 35 

22,852. 64 

52,101.94 

8, 894.  45 

471,362.33 

6, 175. 11 

9,642. 01 

93. 31 

9, 450. 93 

3,335.80 

' 888. 80 

69.80 

113.  83 

4.08 

36, 221.  79 

746. 16 

3,  848. 00 

321.  51 

1.718. 47 

608. 21 

5,929. 74 

639.70 

591, 277.  84 

19, 663. 55 

332. 28 

995.66 

995. 28 

995. 28 

1,327.56 

.38 

Total  traffic 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  43 


Railway  operating  expenses — Continued. 


Name  of  railway  operating  expense  account. 


VI.  GENERAL  AND  MISCELLANEOUS. 

Salaries  and  expenses  of  general  officers 

Salaries  and  expenses  of  general  office  clerks 

General  office  supplies  and  expenses 

Law  expenses 

Relief  department  expenses 

Pensions  and  gratuities 

Miscellaneous  general  expenses 

Valuation  expenses 

Injuries  and  damages 

Insurance 

Stationery  and  printing 

Store  expenses 

Garage  and  stable  expenses 

Rent  of  tracks  and  facilities 

Total  general  and  miscellaneous 

RECAPITULATION  OF  EXPENSES. 

I.  Way  and  structures 

II.  Equipment 

III.  Power 

IV.  Conducting  transportation 

V.  Traffic 

VI.  General  and  miscellaneous 

Grand  total  operating  expenses 


Amount  of 
operating 
expenses  for* 
the  year. 

Comparison 
with  ex- 
penses of  pre- 
ceding year 
(.increases 
in  roman, 
decreases 
in  italic). 

$37, 196. 71 

$4,853. 29 

23, 865. 17 

694. 93 

4,320.36 

323.91 

2,411.00 

11.00 

533. 00 

8.00 

1 1,780.20 

582.95 

9,279.82 

810. 10 

6, 718.  43 

1,918.  43 

70,816.45 

4,619.93 

5,199.26 

6,622.09 

14,612.26 

1,259. 14 

| 1,723.51 

230. 28 

4,155.94 

524.  45 

4,721.70 

162.  72 

. 187,333.81 

2,0U.  U 

167, 753. 54 

65, 122. 23 

99, 350. 19 

20,1,66.88 

190, 367. 35 

22,852.64 

591,277.84 

19,663.  55 

1, 327. 56 

.38 

187, 333*.  81 

2, 044.84- 

. 1,237,410.29 

85, 126.  32 

Operating  ratio  (ratio  of  operating  expenses  to  operating  revenues),  54.05  per  cent. 

Income  from  lease  of  road:  None. 

Miscellaneous  rent  income:  None. 

Dividend  income:  None. 

Income  from  funded  securities:  None. 

Income  from  unfunded  securities  and  accounts. 

Deposits  in  various  banks: 

Period  covered  by  interest,  Jan.  1,  1916,  to  Dec.  31,  1916. 


Amount  to  which  interest  relates 1$‘262,  000.  00 

Income  derived  as  interest 6,  232.  90 

Contributions  from  others:  None. 


Miscellaneous  income. 


To  adjust  error  in  December,  1915,  in  crediting  excessive  amount  to  miscellane- 
ous income  as  “overs  in  treasurer’s  cash”: 

Expenses  and  other  deductions $4 

Net  miscellaneous  income  expenses 4 

Rent  for  leased  roads:  None. 

Abstracts  of  leasehold  contracts:  None. 

Miscellaneous  rents:  None. 

Interest  on  unfunded  debt:  None. 

Income  transferred  to  other  companies:  None. 

Miscellaneous  debits:  Payments  of  income  tax  chargeable  to  holders  of  bonds, 
the  interest  on  which  is  guaranteed  under  terms  of  mortgage  free  from  taxation, 
$1,383.33. 


Appropriations  of  surplus  to  sinking  fund  and  other  reserves:  None. 
Appropriations  of  surplus  for  investment  in  physical  property:  None. 
Miscellaneous  appropriations  of  surplus:  None. 


1 Average  monthly  balance. 


44  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Miscellaneous  items  in  ‘profit  and  loss  account  for  the  year. 


Item. 

Debits. 

Credits. 

Gross  profit  realized  from  sale  of  land  at  Fourteenth  and  Decatur  Streets,  NW., 

carried  in  balance  sheet  account  No.  404,  miscellaneous  physical  property 

Expenses  incident  of  sale  of  above  property 

$6,  357.  23 

$63, 964.52 

Increase  in  value  of  material  and  supplies  as  disclosed  by  inventory  of  Nov.  27, 
1916 

1,527.01 

Loss  on  power  plant  equipment  sold  during  the  year,  said  loss  being  due  to  depre- 
ciation equitably  assignable  to  the  period  prior  to  July  1, 1914 

Minor  item ~ 

6,114.90 

3.00 

12, 475. 13 

Total 

i 

65,491.53 

Road  operated  at  close  of  year. 


1 

Miles  of 

Miles  of 
sidings 
and 
turn- 
outs. 

Miles  of 
track 

Class. 

Name  of  road  or  track. 

Termini  between  which 
road  named  extends. 

Miles  of 
road. 

second 

main 

in  car- 
houses, 

Total. 

track.  1 

shops, 

etc. 

1A 

Pennsylvania  Avenue  line. 

Thirty-sixth  and  M Streets 

5. 28 

5.24 

.43 

3. 14 

14.09 

NW.  to  Eighth  and  M 
SE. 

Pennsylvania  Avenue,  SE. 

Eighth  and  Pennsylvania 

.85 

.86 

.01 

1.72 

extension. 

Avenue  SE.  to  Seven- 
teenth and  Pennsyl- 
vania Avenue  SE . 

F and  G Streets  line 

Twenty-sixth  and  Penn- 
sylvania Avenue  NW.  to 

2.55 

.14 

2.69 

Seventeenth  and  Penn- 
sylvania Avenue  NW. 

Fourteenth  Street  line 

Fifteenth  and  New  York 

4. 13 

4.06 

.22 

2.03 

10.44 

Avenue  to  Fourteenth 
and  Colorado  Avenue 
NW. 

First  Street  NW 

First  and  Pennsylvania 
Avenue  NW.  to  First 

.23 

.23 

.46 

Baltimore  & Ohio  loop  ex- 
tension. 

and  C NW. 

First  and  C NW.  to  New 

.09 

.09 

Jersey  Avenue  and  C 
Street  north  tracks. 

Do 

Delaware  Avenue  and  C 

.23 

.23 

Union  Station  extension.. 

NE . to  First  and  B NE . 
Northwest  curves  at  Dela- 

.03 

.02 

.05 

ware  Avenue  and  C NE . 

Seventh  Street  line 

Water  and  P Streets  SW. 
to  Seventh  and  Florida 

3.25 

3.17 

.16 

.50 

7.08 

Avenue  NW. 

U Street  line 

Ninth  and  U Streets  NW. 

1.65 

1.66 

.01 

3.32 

to  Twentieth  and  Cal- 
vert Streets. 

Chevy  Chase  line 

Twentieth  and  Calvert  to 

5.43 

5.43 

.50 

.47 

11.83 

Chevy  Chase  Lake  Loop, 
Md. 

New  Jersey  Avenue  line. . 

Seventh  and  Florida  Ave- 

1.62 

1.45 

3.07 

nue  to  Massachusetts 
Avenue  and  G NW. 

Florida  Avenue  and 

New  Jersey  and  Florida 
Avenues  NW.  to  Eighth 

2.86 

2.86 

.02 

5.74 

Eighth  NE.  line. 

and  Pennsylvania  Ave- 
nue SE. 

F Street  NE.  line 

Eighth  and  F NE.  to 
Union  Station  Plaza. 

.62 

.62 

1.24 

Georgetown  Power  Station 

Baltimore  & Ohio  R.  R. 

.12 

.12 

siding. 

Subtotal 

28.59 

25.60 

1.84 

6.14 

62. 17 

1AJ 

U Street  line 

Seventh  and  Florida  A ve- 

.09 

.09 

.18 

to  Ninth  and  U NW. 

Union  Station  extension.. 

Massachusetts  Avenue  and 

.73 

.72 

.18 

1.63 

G to  Delaware  Avenue 
and  CNE. 

Do 

First  and  B SE.  to  First 

.15 

.16 

.31 

and  East  Capitol. 

Subtotal  

.97 

.97 

.18 

I 

2. 12 

i 

First  and  C Streets  NW. 

.57 

.48 

! 

1.05 

to  First  and  East  Capitol. 

1 

Total 

30. 13 

27.05 

2. 02 

6.14 

65.34 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


45 


Miles  of  road  at  close  of  year — By  States  and  Territories  {single  track). 


State  or  Territory. 

Main  line 
owned. 

Line  oper- 
ated under 
trackage 
rights. 

Total 

mileage 

operated. 

New  line 
constructed 
during 
year. 

District  of  Columbia 

59.73 

1.05 

60. 78 

10.56 

Maryland 

4.56 

4.56 

2.51 

Total  mileage  operated  (single  track) 

64.29 

1.05 

65. 34 

3 .05 

1 Abandoned.  2 Constructed.  3 Net  decrease. 


Road  owned  at  close  of  year — By  States  and  Territories:  None. 

Auxiliary  operations  carried  on  at  the  close  of  the  year:  None. 

MISCELLANEOUS  PHYSICAL  PROPERTIES  OPERATED  AT  THE  CLOSE  OF  THE  YEAR. 

Designation  of  property  or  plant:  Real  estate  as  described  on  page  36. 

Character  of  business:  Rent  of  miscellaneous  real  estate. 

Character  of  title  under  which  property  is  held:  Ownership. 

Location  of  property:  Washington,  D.  C. 


Mileage , traffic,  and  miscellaneous  statistics. 


Item. 


Number  or 
amount. 


Item. 


Number  or 
amount. 


Passenger-car  mileage 7, 769, 389 

Passenger-car  hours  (estimated) . . . 956. 821 


Regular  fare  passengers  carried 51, 399, 506 

Revenue  transfer  passengers  car- 
ried  2,083,040 


Total  revenue  passengers 

carried 

Free  transfer  passengers  carried 
(employees  and  others  carried 
free) 


53, 482, 546 
16, 487, 820 


Total  passengers  carried 

Passenger  revenue 

Average  fare,  revenue  passengers. . 
Average  fare,  all  passengers  (in- 
cluding transfer  passengers) 


69,970,366 

$2,273,594.30 

.04251 


.03249 


Total  revenue  from  transportation . 
Revenue  from  transportation  per 

car-mile 

Revenue  from  transportation  per 

car-hour 

Total  revenue  from  other  railway 

operations 

Revenue  from  other  railway  oper- 
ations per  car-mile 

Revenue  from  other  railway  oper- 
ations per  car-hour 

Total  operating  revenues 

Operating  revenues  per  car-mile. . . 
Operating  revenues  per  car-hour. . . 

Total  operating  expenses 

Operating  expenses  per  car-mile. . . 
Operating  expenses  per  car-hour. . . 


$2, 274, 199. 19 

.29271 

2.3768 

15,051.65 

.00193 

.01573 

2,289, 250.84 

.29465 

2.3925 

1.237,410.29 

. 15926 
1. 2932 


Accidents  to  persons. 


Item.  Killed. 

Injured. 

Total. 

■ 

Passengers 

348 

348 

Employees 

99 

99 

Other  persons 5 

166 

171 

Total 1 5 

613 

618 

Employees. 


General  administration: 

General  officers 5 

General  office  clerks 59 

Maintenance  of  way  and  structures: 

Superintendents 3 

Other  employees 57 

Maintenance  of  equipment: 

Superintendents 6 

Other  employees 81 


46  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Power: 

Superintendents 1 

Other  employees 46 

Transportation : 

Superintendents 33 

Other  employees 678 

Total 969 


Aggregate  salaries  and  wages  paid  for  the  year,  $834,252.55. 


Description  of  equipment. 


Class. 

With 

electric 

equip- 

ment. 

Without 

electric 

equip- 

ment. 

Total 

number. 

Closed  passenger  cars 

315 

103 

418 

Open  passenger  cars 

102 

126 

228 

Total  passenger  ears. . 

417 

229 

646 

W ork  cars . . 

2 

25 

27 

Snowplows,  sand  cars 

5 

5 

Sweepers 

9 

9 

Miscellaneous 

1 

4 

5 

Obsolete 

4 

4 

Total  equipment  of  all  classes 

434 

262 

696 

CONTRACTS,  AGREEMENTS,  ETC. 

The  agreement  between  this  company  and  the  Washington  & Old  Dominion  Railway 
Co.  relative  to  transfers,  which  expired  in  November,  1915,  and  which  by  mutual 
agreement  had  been  extended,  was  terminated  in  accordance  with  the  revised  tariffs 
filed  with  the  Interstate  Commerce  Commission  by  the  Washington  & Old  Dominion 
Railway  Co.,  effective  August  8,  1916.  On  the  date  named  the  transfer  privilege 
between  the  lines  of  that  company  and  The  Capital  Traction  Co.  was  accordingly 
terminated. 

IMPORTANT  CHANGES  DURING  THE  YEAR. 

All  extensions  of  road  put  in  operation:  Loop  at  Seventh  and  Louisiana  Avenue 
NW.;  0.07  mile  single  track;  September  18,  1916. 

All  decreases  of  mileage : Change  of  tracks  from  M and  Twenty-sixth  Streets  between 
Twenty-ninth  Street  and  Pennsylvania  Avenue  to  Pennsylvania  Avenue  between 
Twenty-ninth  and  Twenty-sixth  Streets;  net  decrease  in  mileage,  0.11  mile  single 
track;  car  operation  changed  eastbound  July  7,  1916,  westbound  July  15,  1916.  Track 
abandoned  at  Georgetown  car  barn;  0.01  mile  single  track;  February,  1916. 

New  track  built:  Pennsylvania  Avenue  from  Twenty-sixth  to  Twenty-ninth 
Streets,  0.22  mile  first  main  track,  0.21  mile  second  main  track;  loop  at  Seventh  and 
Louisiana  Avenue  NW.,  0.07  mile  first  main  track. 

Old  track  abandoned:  M and  Twenty-sixth  Streets  from  Twenty-ninth  Street  to 
Pennsylvania  Avenue,  0.28  mile  first  main  track,  0.26  mile  second  main  track; 
Georgetown  car  barn,  0.01  mile  car-house  track. 

VERIFICATION. 

City  of  Washington,  1 
District  of  Columbia ,/ 

R.  D.  Simms  makes  oath  and  says  that  he  is  treasurer  of  the  Capital  Traction  Co.; 
that  it  is  his  duty  to  have  supervision  over  the  books  of  account  of  the  respondent 
and  to  control  the  manner  in  which  such  books  are  kept;  that  he  knows  that  such 
books  have,  during  the  period  covered  by  the  foregoing  report,  been  kept  in  good 
faith  in  accordance  with  the  accounting  and  other  orders  of  the  Public  Utilities 
Commission  effective  during  the  said  period;  that  he  has  carefully  examined  the 
said  report,  and  to  the  best  of  his  knowledge  and  belief  the  entries  contained  in  the 
said  report  have,  so  far  as  they  relate  to  matters  of  account,  been  accurately  taken 
from  the  said  books  of  account  and  are  in  exact  accordance  therewith;  that  he  believes 
that  all  other  statements  of  fact  contained  in  the  said  report  are  true,  and  that  the 


* 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  47 

said  report  is  a correct  and  complete  statement  of  the  business  and  affairs  of  the 
above-named  respondent  during  the  period  of  time  from  and  including  January  1, 
1916,  to  and  including  December  31,  1916. 

R.  D.  Simms. 

Subscribed  and  sworn  to  before  me,  a notary  public,  in  and  for  the  District  above 
named,  this  31st  day  of  January,  1917. 

[seal.]  Louise  F.  Dyer, 

Notary  Public , District  of  Columbia. 

My  commission  expires  May  12,  1917. 

SUPPLEMENTAL  OATH. 


City  of  Washington,  1 
District  of  Columbia ,/  ’ 

George  E.  Hamilton  makes  oath  and  says  that  he  is  president  of  the  Capital  Trac- 
tion Co.;  that  he  has  carefully  examined  the  foregoing  report;  that  he  believes  that 
all  statements  of  fact  contained  in  the  said  report  are  true,  and  that  the  said  report 
is  a correct  and  complete  statement  of  the  business  and  affairs  of  the  above-named 
respondent  during  the  period  of  time  from  and  including  January  1,  1916,  to  and 
including  December  31,  1916. 

George  E.  Hamilton. 

Subscribed  and  sworn  to  before  me,  a notary  public,  in  and  for  the  District  above 
named,  this  31st  day  of  January,  1917. 

Louise  F.  Dyer, 

Notary  Public , District  of  Columbia. 

My  commission  expires  May  12,  1917. 


GEORGETOWN  GAS  LIGHT  CO. 


HISTORY. 

1.  Exact  name  of  company  making  this  report:  The  Georgetown  Gas  Light  Co. 

2.  Date  of  organization:  1854. 

3.  Under  laws  of  what  Government,  State,  or  Territory  organized?  Chartered  by 
Congress  of  the  United  States. 

4.  If  a consolidated  company,  name  the  constituent  companies:  None. 

5.  Date  and  authority  for  each  consolidation:  None. 

6.  State  whether  respondent  is  a corporation,  a joint  stock  association,  a firm  or 
partnership,  or  an  individual:  Corporation. 

7.  If  a reorganized  company,  give  name  of  original  organization  and  refer  to  laws 
under  which  it  was  organized:  None. 


Directors. 


Name. 

Post-office  address. 

Expiration  of 
term. 

George  L.  Nicolson 

Chesapeake  & Ohio  Canal  Co 

June  1, 1917 
Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Chas.  P.  Williams 

1675  Thirty-first  Street  NW 

Henry  H.  Flat  her 

729  Fifteenth  Street  NW 

R.  H.  Goldsborough 

1526  Twenty-ninth  Street  NW 

Wm.  A.  Leetch 

Union  Trust  Building 

Wm.  B.  Orme 

Washington  Gas  Light  Co 

Maurice  E.  Weaver 

2501  Wisconsin  Avenue  NW 

Principal  officers. 


Name. 

Title. 

Salary. 

Total. 

Applicable 
to  District 
of  Colum- 
bia. 

Robert  D.  Weaver 

President  (June  1, 1916) 

$4, 000. 00 
None. 

2.700.00 

1.620.00 

2.700.00 

1.600.00 

2.700.00 
600.00 

2. 400.00 

$2,927.03 

1,668.69 

1,152.66 

2.325.00 
1,093.75 

2.700.00 
600.00 

1,543.89 

Geo  L.  Nicolson 

First  vice-president 

Chas  P Williams 

Secretary  (June  1, 1916) 

Frederick  K.  Hewpel 

Assistant  secretary 1 

Henry  H.  Flather  . 

Treasurer  (June  1, 1916) 1 

R.  H.  Goldsborough 

Attorney  or  general  counsel  (June  1,  i 
1916). 

General  superintendent  (June  1, 1916). 

Thos.  F.  Holden 

6 directors  ($10  a meeting  when  present) 

General  office  force 



Employees  other  than  officers. 


Class. 

Number 
of  em- 
ployees. 

Average  wages — 

Maxi- 

mum 

hours 

Ber 

month. 

Per  week. 

Per  day. 

contin- 

uous 

service. 

Commercial: 

Manager 

1 

1 

$18.00 

10.00 

$3.00 

9 

Stenographer 

8 

General  expenses: 

Bookkeeper 

Cashier 

1 

$100.00 

100.00 

g 

Clerk 

1 

9 

Meter  inspectors’  roll: 

Inspectors 

5 

75.00 

2.50 

9 

Clerks 

1 

18.00 

3.00 

9 

48 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  49 


Employees  other  than  officers — Continued. 


Class 

Number 
of  em- 
ployees. 

| 

Average  wages — 

Maxi- 

mum 

hours 

Per 

month. 

Per  week. 

Per  day. 

1 contin- 
uous 
service. 

Storeroom  roll,  clerk 

1 

120. 00 

9 

Transmission  and  distribution: 

Meter  shop,  foreman  

1 

18.00 

$3.00 

9 

Distribution  (street) 

6 

63.00 

1.75 

9 

Foremen 

2 

36.00 

3.00 

9 

Installation ' 

3 

45.00 

2.50 

9 

Fitters 

2 

30.00 

2.50 

9 

Production,  gas  works: 

Foreman 

1 

24.50 

3.50 

9 

Clerk 

1 

22.75 

3.25 

9 

Runners 

6 

101.50 

2.62 

9 

Coal  men 

4 

56.00 

2.00 

9 

Laborers 

7 

82.67 

1.69 

9 

Stokers 

8 

17.50 

2.50 

9 

Furnace  men 

2 

12.25 

1.75 

9 

Corporations  controlled  by  respondent. 


Control. 

Name. 

Sole  or 
joint. 

How  established. 

Extent. 

Direct  or 
indirect. 

ACTIVE  CORPORATIONS. 

Georgetown  Gas  Light  Company  of 
Montgomery  County,  Md. 

Sole 

Through  title  to  all  the  securities  of 
the  company  and  all  the  property 
of  the  company. 

Whole. . 

Direct. 

FACTS  PERTAINING  TO  CONTROL  OF  THE  RESPONDENT. 

Date  of  last  meeting  of  stockholders  for  election  of  directors:  June  1,  1916. 

Date  of  last  closing  of  stock  books  before  end  of  year  for  which  this  report  is  made : 
December  31,  1916. 

Total  number  of  stockholders  of  record  at  the  date  required  in  answer  to  second 
question:  Seventy,  and  one  in  question. 

Has  any  issue  of  securities  contingent  voting  rights?  No. 

Has  any  issue  of  securities  special  privileges  in  the  election  of  directors?  No. 

Did  any  individual,  association,  corporation  or  corporations,  gas,  electric,  or  other, 
control  the  respondent  on  December  31,  1916?  No. 

If  control  was  so  held,  state: 

(а)  The  form  of  control,  whether  sole  or  joint:  The  claimed  ownership  is  sole.  The 
Washington  Gas  Light  Co.  had  registered  in  its  name  3,530  shares,  or  a majority  of  530 
shares,  but  it  was  not  allowed  to  vote  them  nor  paid  any  dividends  thereon,  and  its 
right  to  the  stock  is  being  litigated  by  this  company.  A decision  on  the  outcome  of 
this  suit  is  still  pending. 

(б)  The mame  of  the  controlling  corporation  or  corporations:  Washington  Gas  Light 
Co. 

(c)  The  manner  in  which  control  was  established : By  secret  purchase  of  stock  in 
names  of  private  parties. 

(d)  The  extent  of  control:  3,530  shares,  a majority  of  530. 

(e)  Whether  control  was  direct  or  indirect:  Shares  since  October,  1907,  have  been 
in  name  of  Washington  Gas  Light  Co. 

(/)  The  name  of  the  intermediary  through  which  control,  if  indirect,  was  established : 
B.  H.  Barthol,  William  B.  Orme,  H.  C.  Winship,  George  A.  Mcllheny,  C.  C.  Glover, 
and  John  R.  McLean. 

Did  any  individual  association  or  corporation,  as  trustee,  control  the  respondent 
on  December  31,  1916?  No. 

Companies  operated:  The  Georgetown  Gas  Light  Co. 

H.  Doc.  2038,  64-2 4 


50  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Capital  stock. 


Number  of  shares  authorized . 6, 000 

Par  value  of  one  share c $25. 00 

Total  par  value  authorized $150, 000. 00 

Total  par  value  outstanding $150, 000. 00 

Total  par  value  held  by  respondent  corporation None. 

Total  par  value  not  held  by  respondent  corporation None. 

Dividends  declared  during  vear: 

Rate $1. 25 

Amount . $15,  000. 00 

Nuuber  of  shares  issued  during  year:  None. 


Funded  debt. 


Designation  of  bond  or  obligation. 

\ 

Date. 

Total  par 
value 

authorized. 

Total  par 
value  out- 
standing. 

Total  par  value  held 
by  respondent  cor- 
poration. 

Issue. 

Matu- 

rity. 

In  treas- 
ury. 

In  sink- 
ing or 
other 
funds. 

Certificate  of  indebtedness 

50-year  5 per  cent  gold  bonds 

Total 

1908 

1912 

1918 

1962 

$250,000.00 

1,000,000.00 

$177,000.00 

473,000.00 

$25,000.00 

527,000.00 

None. 

None. 

1,250,000.00 

65,000.00 

552,000.00 

Designation  of  bond  or  obligation. 

Total  par 
value  not 
held  by 
respondent 
corpora- 
tion. 

Interest. 

Rate. 

Payable. 

Amount 

accrued 

during 

year. 

Amount 

paid 

during 

year. 

Certificates  of  indebtedness 

50- vear  5 per  cent  gold  bonds 

Total 

$177,000.00 

473,000.00 

Per  cent. 
5 

5 

Feb.  land  Aug.l 
do 

$9, 145. 00 
20,029.  72 

$9,145.00 
20,029. 72 

650,000.00 

29, 174.  72 

29, 174. 72 

Receiver’s  certificates:  None. 

Security  for  funded  debt:  Five  per  cent  50-year  gold  bonds;  property  mortgaged  and 
securities  pledged,  entire  property  rights  and  franchises  of  company. 

Recapitulation  of  capitalization. 

Total  par  value  outstanding : 

Capital  stock $150,000 

Funded  debt 650,000 


Total 


800,  000 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTKICT  OF  COLUMBIA.  51 


Income  account  statement. 

Operating  income : 

Operating  revenues $193,815.33 

Operating  expenses 148,245.66 

Net  operating  revenue $45,  569.  67 

Deductions  from  total  net  revenue,  taxes 10,  77 6.  72 

Net  operating  income $34,792.95 

Other  income,  miscellaneous  rent  revenues. 510.  00 

Gross  corporate  income . * 35,  302.  95 

Deductions  from  gross  corporate  income,  interest 29, 174.  72 

Net  corporate  income 6, 128.  23 

Disposition  of  net  corporate  income,  dividends  declared  on  common  stock  15,  000.  00 

Deficit  for  year 8,  871.  77 


Note. — Dividends  paid.  The  one  paid  February  12,  1916.  was  for  the  last  half  of 
1915,  and  the  one  paid  June  29,  1916,  was  for  first  half  of  1916.  Deficit  has  occurred 
since  gas  was  reduced  to  85  cents  per  1,000  cubic  feet;  increase  in  consumption  has 
not  been  great  enough  to  offset  increased  cost  of  materials  used  in  manufacture  of  gas 
and  reduced  price  to  consumers. 


Operating  revenues. 


Sale  of  gas  for  municipal  purposes $5,  815.  82 

Prepaid  gas  sales 11,  214.  50 

Commercial  gas  sales 132,  496.  37 

Sale  of  gas  to  other  gas  corporations 10,  591.  50 

$160,  118.  19 

Sale  of  residuals  and  by-products: 

Sale  of  gas  coke 28,  362.  33 

Sale  of  tar 4,  991.  06 

Sale  of  ammoniacal  liquor 343.  75 

— — 33,  697. 14 


Total  operating  revenues 193,  815.  33 


Operating  expenses. 


Account. 

Amount. 

Ratio  to 
total  of 
general 
account. 

Ratio  to 
total 

operating 

expenses. 

Production  expenses: 

Works  superintendence 

$4.  765. 00 

4.  26 

3. 21 

Works  labor 

IS,  81 2.  64 

16.  80 

12.  68 

Boiler  fuel 

5. 582. 86 

4.99 

3.  77 
.39 

Water 

585. 56 

.52 

Fuel  under  retorts 

4,944.  56 
31.852.41 

4.  42 

3. 34 

Coal  carbonized 

28. 46 

21.49 

Generator  fuel 

14!  5S5. 16 

13.03 

9.84 

W ater-gas  oil 

27, 638.  82 

24.  70 

18. 65 

Purifying  supplies 

340.  28 

.30 

.23 

Miscellaneous  works  expense 

2, 806.  81 

2.52 

1.89 

Total  production  expenses 

111,914. 10 

m.  oo 

75. 49 

Transmission  and  distribution  expenses: 

Transmission  pumping 

128. 00 

3.  48 

.09 

.70 

Distribution  superintendence 

1,034.  81 
218. 68 

28.14 

Distribution  supplies  and  expenses 

5. 94 

. 15 

Gas  meter  and  installation  work 

2, 296. 33 

62.44 

1.55 

Total  transmission  and  distribution  expenses 

3,677. 82 

100. 00 

2.49 

Commercial  expenses,  administration 

2,368.  27 

100.00 

1.59 

52  BALANCE  sheets  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA, 


0 perat  l ng  expenses — Continued . 


Account. 

Amount. 

Ratio  to 
total  of 
general 
account. 

Ratio  to 
total 

operating 
; expenses. 

General  and  miscellaneous  expenses: 

Salaries  and  expenses  of  general  officers 

$8, 673. 38 
1,543.89 
964. 94 
4, 108.  55 
1,081.53 
901.  79 
fc  364. 00 

292.31 
8,  782. 18 
863. 04 
1,004.00 
1,705.86 

28. 64 
5. 10 

3. 19 
13. 56 

3. 57 
2.98 

1.20 
.96 

29.00 
2.85 
3. 32 
5.63 

5. 85 
1.04 
.65 
2.  77 
.73 
.61 
.25 
.20 
5.92 
.58 
.68 
1.15 

General  law  expenses.  . 

MiSAAllanenilS  general  flYpftTlSAf?  

Insurance  . 

Relief  HA.part.mAnt  a.nH  pensions  

Residuals  expense  

General  amortization  . 

Stationery  and  printing  

Store  expenses  

Stable  expenses  

Total  general  and  miscellaneous  expenses 

30, 285.  47 

100.00 

20. 43 

RECAPITULATION  OF  EXPENSES. 

Production  expenses  (labor  $26  384  45*  materials  $85,529. 65) 

111,914. 10 
3, 677.  82 
2, 368.  27 
30,  285.  47 

75.  49 
2.  49 
1.59 
20.  43 

Transmission  and  distribution  expenses  

Com mer eial  expenses  



General  and  misnellqnerms  expenses  



Tnt.a.1  operating  expenses  

148. 245. 66 

100.00 

76.49 

Ratio  of  operating  expenses  to  operating  revenues 

Balance  sheet  accounts. 


ASSETS. 

Permanent  and  log-term  investments: 

Fixed  capital,  plant  and  equipment,  Dec.  31,  1909  (de- 
voted to  operation) 

Expenditures  for  plant  and  equipment  since  Dec.  31, 
1909 


Accrued  amortization  of  capital 

Total 

Securities  owned  of  proprietary,  affiliated,  or  controlled 

companies 

Working  assets: 

Materials  and  supplies 

Cash 

Other  special  deposits 

Bills  receivable 

Accounts  receivable 

Other  working  assets 

Total 

Tax-reserve  account 

Grand  total 

LIABILITIES. 

Capital  stock 

Long-term  funded  debt • 

Working  liabilities: 

Consumers’  deposits 

Loans  and  bills  payable 

Other  working  liabilities 

Total 

Accrued  liabilities  not  due: 

Taxes  accrued 

Interest  accrued 

Total 

Deferred  credit  items,  unamortized  premium  on  debt 

Current  accounts  payable 

Consumers’  proportion  of  gas  services 

Free  surplus,  balance 


Dec.  31,  1915. 

Dec.  31,  1916. 

Increase  or 
decrease. 

81,231,953.56 

262,269.90 

$1,231,953.56 

300,745.34 

$38,475.44 

1,494,223.46 

1,865.69 

1,532,698.90 

3,636.91 

1,771.22 

1,492,357.77 

1,529,061.99 

36, 704. 22 

51,458.20 

51,458.20 

12,741.09 
1.136. 25 
753. 95 
76,000.00 
17,464.60 
4,988.39 

23,552.74 
2,688.26 
753. 95 
87, 200. 00 
15, 886. 83 
2,413. 81 

10,821.65 
1,552. 01 

11,200.66 

1,577.77 

2,57158 

113,084.28 

132, 505. 59 

19,421.31 

5,710. 12 

5,710.12 

1,662,610.37 

1,713,025. 78 

50,415.41 

150. 000.  00 

525.000.  00 

150.000. 00 

650.000. 00 

125,000.00 

7,035.24 

82,000.00 

3,472.40 

7,631.11 

595.87 
82,000.00 
2,673. 37 

6, 145. 77 

92, 507. 64 

13,776.88 

78, 780. 76 

21,030.83 
11, 169. 11 

13.911.51 
15, 139. 96 

7,119.82 

3,970.85 

32, 199.94 

29.051.47 

8.148.47 

2, 500. 00 
9, 154. 13 
2,452.27 
856,091.03 

2,500.00 

1,839.11 

2,452.27 

503.26 

7,315.02 

855.587. 77 

1,662,610. 37 

1.713,025.78  50,415.41 

Grand  total 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


53 


Capital  accounts. 


Accounts. 


Land  devoted  to  gas  operations 

General  structures  and  equipment: 

General  structures 

General  office  equipment. : 

General  shop  equipment 

General  stable  equipment 


Total  general  structures  and  equip- 
ment   


Production  plant: 

Works  and  station  structures 

Furnaces,  boilers,  and  accessories. 
Water-gas  sets  and  accessories — 

Purification  apparatus 

Accessory  equipment  at  works . . . 


Total  production  plant. 


Transmission  and  distribution  plant: 

Trunk  lines  and  mains 

Gas  services 

Gas  meters 

Gas-meter  installation. 


Total  transmission  and  distribution 
plant 


Ancillary  equipment: 

Gas  tools  and  implements 
Gas  laboratory  equipment . 


Total  ancillary  equipment 

Undistributed  construction  expenditures: 

Engineering  and  superintendence 

Miscellaneous  construction  expendi- 
tures  


Total  undistributed  construction  ex- 
penditures   


RECAPITULATION. 


Land  devoted  to  gas  operations 

Total  general  structures  and  equipment 

Total  production  plant 

Total  transmission  and  distribution  plant . . 

Total  ancillary  equipment 

Total  undistributed  construction  expendi-' 
tures 


Grand  total. 


Installed  dur- 
ing year  1916 
from  assets. 


$192.67 
141. 70 


664.05 


3. 42 


69. 25 


Total,  year 
1916. 


Installed 
Dec.  31,1909, 
to  Jan.  1, 1916. 


$38,635.20 


$192. 67 
141. 70 


664.05 


3.42 


69.25 


63.00 


63. 00 


132.  25 


132. 25 


29, 698. 66 
4, 856.  85 
2, 172. 17 
572. 57 


29,698.66 
4,856.85 
2, 172. 17 
572. 57 


37,300.25 


37, 300. 25 


44.52 


44.  52 


44.52 


44.52 


36,308.  22 
1,522.38 
58.00 
5,594. 33 


43,482.93 


8,990.58 
2,413. 55 
3, 776.  24 
21,956. 79 
6,848. 67 


43,985.83 


102,210.02 

9.708. 12 
11,821.53 

2. 124. 12 


125,863. 79 


1,415. 88 
71.20 


1,487.08 


8,636. 73 
178.34 


8,815.07 


998. 42 

132.25 

37,300.25 
44. 52 


38,475.44 


998.42 

132. 25 

37,300.25 
44. 52 


38,475.44 


38,635.20 
43,482.  93 
43,985.83 
125,863.79 
1,487.08 

8,815.07 


262,269. 90 


Total  to 
Dec.  31, 
1916. 


$38,635.20 


36, 500. 89 
1, 664. 08 
58.00 
6, 258. 38 


44,481.35 


9,059.83 
2,413.55 
3,776.24 
21,956. 79 
6, 911.67 


44, 118. 1 


131,908. 68 
14,564. 97 
13,993.70 
2,696. 69 


163, 164. 04 


1,460.40 

71.20 


l,531.i 


8,636. 73 
178.34 


8,815.07 


38, 635. 20 
44,481.35 
44,118.08 
163, 164. 04 
1,531.60 

8,815.07 


300,745. 34 


Corporate  surplus. 

DEBITS. 

Debit  balance  transferred  from  income  account $8,  871. 77 

Deductions  for  year,  shortages  in  cash 93. 63 


Balance  carried  to  balance  sheet 856, 091. 03 


Total 865,056.43 


CREDITS. 

Balance 855,587.77 

Additions  for  year : 

Cash $100. 00 

Tax  adjustment 4,  463. 34 

District  of  Columbia  Government  (cash) 3,  574.  80 

Miscellaneous  adjustment 1,  330.  52 

9,  468.  66 


Total 


865,  056.43 


54  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Stocks  and  funded  debt  owned. 

STOCKS. 


Par  value  of  stocks  owned $9, 875. 00 

Dividends  declared None. 

Valuation  of  stocks  owned 51, 458. 20 


Securities  owned  of  proprietary,  affiliated,  or  controlled  companies: 
Georgetown  Gas  Light  Co.  of  Montgomery  County,  Md. 

Funded  debt:  None. 

Contracts  and  agreements:  None. 

Taxes  and  assessments. 


Ad  valorem  on  real  and  personal  property,  District  of  Columbia $10,  531. 18 

Internal  revenue  United  States  Government 245. 54 


Total 10,  776. 72 

Property  abandoned:  None. 


GAS  STATISTICS. 

Location  of  works:  1118  Twenty-ninth  Street  NW.,  Washington,  D.  C. 
Real  estate  devoted  to  gas  operations:  Not  available. 

Description  of  meters. 


Record  of  all  meters  in  use  during  year. 

Prepay- 

ment 

Size,  No.  oflighis.- 

In  use 
Dec.  31, 
1915. 

Removed 

since. 

Added 

since. 

In  use 
Dec.  31, 
1916. 

meters  of 
each  size 
in  use 
Dec.  31, 
1916. 

3 

1,394 

1,620 

55 

1,449 

510 

148 

1,  708 

10 

88 

62 

150 

20 

207 

17 

224 

30 

12 

1 

11 

45 

6 

1 

7 

60 

9 

1 

8 

100 

3 

1 

2 

Total 

3,339 

3 

283 

3,619 

510 

Feet. 

Gas  on  hand  Dec.  31,  1915 277, 205 

Gas  made  during  year: 

Coal  gas 90,528,000 

Water  gas 140.  844, 100 

231,  649,  305 

Gas  sold  by  meter  during  year 150,  289,  900 

Gas  supplied  to  public  lamps  during  year 11,  996,  280 

Gas  sold  to  other  plants  during  year 21, 183, 000 

Gas  used  at  works  and  offices  during  year 2,  507, 000 

Gas  on  hand  Dec.  31,  1916 290,  755 


Total  gas  sold,  used,  and  on  hand 186,  266,  935 


Gas  unaccounted  for  during  year 45,  382,  370 


Description  of  purifiers:  Location,  1118  .Twenty-ninth  Street;  number,  2;  length, 
20  feet;  width,  20  feet;  depth,  7 feet  10  inches. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  55 


Description  of  holders  and  their  location. 


No. 

Location. 

Open  or 
covered. 

Dimensions. 

Date  of 
construc- 
tion. 

Working 

capacity. 

1 

1118  Twenty-ninth  Street 

Open.... 

. . .do 

91  feet  3 inches  by  44  feet  2 
inches. 

58  feet  3J  inches  by  38  feet  4 
inches. 

40  feet  1 inch  by  38  feet  2 inches . 

1908 

Cu.  ft. 

300.000 

100.000 

50,000 

2 

Do 

1894 

3 

Do 

. . .do 

1889 

Greatest  output  in  24  hours,  with  date  of  same,  809,404  cubic  feet,  December  19, 
1916. 

Least  output  in  24  hours,  with  date  of  same,  509,302  cubic  feet,  August  20,  1916. 
Usual  day  pressure  on  street  mains  as  indicated  at  works,  50/10. 

Usual  night  pressure  on  street  mains  as  indicated  at  works,  57/10. 

Comparative  statement  of  costs  of  materials  and  supplies  used  generally  in  the  making 
of  gas,  showing  increases  Dec.  31,  1916,  over  Dec.  31,  1915 — ■ Average  costs  in  report 
show  changes  in  prices  during  the  year. 


Gas  coal,  Dec.  31,  1915: 

Freight ' $1.  90 

Drayage 45 

Cost  of  coal 1.  325 

Trimming  in  shed 30 


3.  975 


Gas  coal,  Dec.  31,  1916: 

Freight 1.  90 

Drayage 55 

Cost  of  coal . 2.50 

Trimming  in  shed 30 


5.  25 


Dec.  31,  1916 5.  25 

Dec.  31,  1915 3.  975 


Increase  in  cost  (per  ton) 1.  275 


Water  gas  oil: 

Dec.  31,  1916 0485 

Dec.  31,  1915 0425 


Increase  in  cost  (per  gallon) 0060 


Boiler  fuel,  coal: 

Dec.  31,  1916 4.  25 

Dec.  31,  1915. 3.75 


Increase  in  cost  (per  ton) . . .50 


Generator  fuel,  coal: 

Dec.  31,  1916 6.00 

Dec.  31,  1915 5.55 


Increase  in  cost  (per  ton) 45 


Total  increases: 

Gas  coal  (per  ton) 1.  275 

Water  gas  oil  (per  gallon) 0060 

Boiler  fuel  (per  ton) 50 

Generator  fuel  (per  ton) 45 


Increased  cost  in  materials  used 2.  2310 


56 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


RULES  REGARDING  GAS  MAIN  EXTENSIONS  AND  SERVICE  PIPE  INSTALLATIONS  OF  THE 

GEORGETOWN  GAS  LIGHT  CO. 

[By  order  of  the  Public  Utilities  Commission  of  the  District  of  Columbia.] 

(1)  Upon  application  to  serve  premises  with  gas,  the  gas  light  company  shall  extend 
its  main,  without  cost  to  the  applicants,  a distance  of  125  feet  in  length  per  house  to  be 
connected  with  the  extension,  provided  that  this  length  of  extension  is  sufficient  to 
reach  the  premises.  In  cases  in  which  this  length  of  extension  is  not  sufficient  to 
reach  the  premises,  the  gas  light  company  shall  make  the  entire  extension  provided 
that  the  applicants  deposit  with  the  gas  light  company  75  cents  per  linear  foot  of  fur- 
ther extension  necessary,  the  applicants  to  receive  no  interest  on  the  deposit,  and  the 
deposit  to  be  returned  by  the  gas  light  company  to  the  depositors  at  the  rate  of  $93.75 
(the  amount  of  deposit  to  cover  125  feet  in  length  of  the  extension)  for  each  additional 
house  served  from  the  extension,  until  the  entire  amount  of  deposit  is  returned. 

(2)  These  regulations  shall  not  be  construed  as  requiring  a gas  light  company  to  ex- 
tend its  mains  in  streets  that  are  not  at  or  near  established  grade,  nor  as  prohibiting  a 
gas  light  company  from  making  extensions  of  mains  of  greater  length  than  required 
herein. 

(3)  Upon  application  for  connection  between  a gas  main  and  a house,  the  entire 
installation  of  the  gas  service  pipe  from  the  main  to  the  meter  shall  be  made  by  the 
gas  light  company,  and  half  the  cost  thereof  shall  be  borne  by  the  gas  light  company 
and  half  by  the  applicant. 

(4)  The  gas  light  companies  shall  hereafter  maintain  and  bear  the  expense  of  main- 
tenance of  the  entire  service  pipe. 

(5)  Petition  may  be  made  to  the  commission  for  special  action  in  any  case  in  which 
it  is  claimed  that  the  application  of  these  regulations  causes  injustice. 

A true  copy. 

[seal.]  J.  L.  Schley,  Executive  Officer. 


Kind  and  sizes  of  street  mains  and  length  of  each  size  in  feet. 


Kind. 

Diameter 
in  inches. 

Total 
length, 
in  feet, 
Dec.  31, 
1915. 

Laid 

since. 

Total 
length, 
in  feet, 
Dec.  31, 
1916. 

Wrought  iron 

2 

5, 100 

None. 

5,100 

Cast  iron 

3 

42, 332 

None. 

42, 332 

Do 

4 

86, 298 

2,359 

88, 657 

Do 

6 

85, 949 

4,179 

90, 128 

Do 

8 

18, 378 

13,084 

31,462 

Do 

10 

4,100 

None. 

4,100 

Do  

12 

37, 930 

N one. 

37, 930 

Do 

10 

250 

None. 

250 

Total  

280,337 

299,959 

Statement  of  coal  gas  materials  for  year  ending  Dec.  31,  1916. 


On  hand 
Dec.  31. 
1915. 

Received 
during 
the  year. 

Carbon- 
ized dur- 
ing the 
year. 

Unac- 

counted 

for. 

On  hand 
Dec.  31, 
1910. 

Average 

cost. 

Other  than  enriching  gas  coals tons.. 

N aphtha trallons . . 

447 
37, 660 

8,099 

623,839 

8, 675^-jlf 
628, 418 

129 

288 

33,081 

i $3. 67 

2. 0442 

1 Per  ton  of  2240  pounds. 


2 Per  gallon. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  57 


Statement  of  water  gas  materials  for  year  ending  Dec.  31,  1916. 


On  hand 
Dee.  31, 
1915. 

Received 
during 
the  year. 

Used  dur- 
ing the 
year. 

Unac- 

counted 

for. 

j 

On  hand  i 
Dec.  31.  j 
1916. 

Average 

cost. 

For  generating  the  gas: 

Coal 

Tons. 

184 

Tons. 

1,889 

Tons. 

1, 158j|§§ 
1,543 

1, 169TVA 
629 

Tons. 

34 

Tons  \ 
883  ! 

1 So.  85 

Coke 

712 

1 5.05 

For  generating  steam: 

Coal 

1,329 

74 

i 4.  78 

Coke 

i 1.27 

Naphtha  

Gallons. 
37, 660 

Gallons. 
j 623, 839 
759 

Gallons. 

628,418 

752 

Gallons. 

Gallons. 
33, 081 

2 . 0442 

Other  oils 

70 

2 .22 

1 Per  ton  of  2240  pounds.  2 Per  gallon. 


Statement  of  residual  'products  for  the  year. 


On  hand 
Dec.  31, 
1915. 

Made 

during 

year. 

Used 

during 

year. 

Sold  during  year. 

Coke,  tons 

12 

5,507 

128,000 

69,915 

2,556 

3,051  tons,  at  §6.80 
per  ton. 

128,000  gallons,  at 
$0.29  per  gallon. 
69J15  gallons,  at 
$0. 19  per  gallon. 

Tar  (coal  gas),  gallons 

Tar  (water  gas),  gallons  

Prices  now  obtained  for  residuals: 


Tar  (coal  gas),  per  gallon 

Tar  (water  gas),  per  gallon 

Coke,  per  ton 

Coke,  per  bushel 

Ammoniacal  liquor,  per  10  ounces 


$0.03 
.02 
4.68 
• 07| 


Length  and  sizes  of  mains  laid  during  the  year  for  which  contributions  have  been 
required  of  customers  or  others,  and  amount  of  such  contributions:  75  feet  of  2^-inch 
main,  $56.25:  350  feet  of  4-inch  main,  $262.50;  1,135  feet  of  6-inch  main,  $851.50. 


Service  pipes  and  fittings. 


Diameter  in  inches. 

Number 
at  first 
of  year. 

Added  within  the  year. 

Number 
available 
at  close 
of  year. 

Number. 

Length 
in  feet. 

Material. 

All 

4,216 

191 

10 

180 

1 

167,395 

Wrought., 
do  . . 

4,407 

1-inch 

1 J-inch 

. . .do 

2-inch 

..  do.... 

Number  of  services  laid  from  main  to  curb  and  not  yet  used:  None. 

“Dead ” services  at  the  close  of  the  year:  None. 

Residences  piped  by  respondent  in  the  year:  None. 

Business  places  piped  by  respondent  in  the  year:  None. 

Are  service  pipes  laid  free  from  main  to  meter?  No. 

For  what  portion  of  pipe  is  charge  made?  One-half  cost. 

At  what  rates  per  foot  are  consumers  charged?  As  per  schedule  of  Public  Utilities 
Commission.  Page  56. 

Give  detailed  schedules  of  all  prices  on  December  31,  1916,  charged  to  private  cus- 
tomers, including  all  special  prices  and  all  prices  for  gas  sold  for  power,  mechanical, 
or  manufacturing  purposes.  Gross  price  $0.95;  discount  for  prompt  payment,  10 
cents,  if  paid  within  10  days. 


58  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


DEPRECIATION. 

This  account  includes  monthly  charges  to  general  amortization  (which  are  concur- 
rently credited  to  accrued  amortization  of  capital)  of  0.0472  cent  per  1,000  cubic  feet  of 
gas  sold  to  cover  such  wear  and  tear  and  casualties  as  have  occurred  during  the  month . 
Deductions  are  made  from  accrued  amortization  of  capital  for  repairs  or  maintenance 
accounts  and  balance  carried  on  books  to  cover  future  wear,  tear,  or  casualties  as  may 
occur.  The  whole  amount  of  general  amortization  is  carried  into  income  and  expense 
account  as  an  expense. 

OATH. 

City  op  Washington, 

District  of  Columbia , ss: 

We,  the  undersigned,  Robert  D.  Weaver,  president,  and  Charles  P.  Williams,  sec- 
retary, of  the  Georgetown  Gas  Light  Co. , on  our  oath  do  severally  say  that  the  foregoing 
return  has  been  prepared,  under  our  direction,  from  the  original  books,  papers,  and 
records  of  said  company,  which  are  kept  in  accordance  with  the  accounting  rules 
promulgated  by  the  Public  Utilities  Commission;  that  we  have  carefully  examined  the 
same,  and  declare  the  same  to  be  a complete  and  correct  statement  of  the  business  and 
affairs  of  said  company  in  respect  to  each  and  every  matter  and  thing  therein  set  forth; 
and  we  further  say  that  no  deductions  were  made  before  stating  the  operating  revenues 
herein  set  forth,  except  those  shown  in  the  foregoing  accounts;  and  that  the  accounts 
and  figures  contained  in  the  foregoing  return  embrace  all  of  the  financial  operations  of 
said  company  during  the  period  for  which  said  return  is  made,  to  the  best  of  our  knowl- 
edge, information  and  belief. 

Robert  D.  Weaver,  President. 

Chas.  P.  Williams. 

Subscribed  and  sworn  to  before  me  this  31st  day  of  January,  1917. 

Jseal.]  J.  McKenney  Berry,  Notary  Public. 


WASHINGTON  GAS  LIGHT  CO. 


HISTORY. 

1.  Exact  name  of  company  making  this  report:  Washington  Gas  Light  Co. 

2.  Date  of  organization:  July  8,  1848. 

3.  Under  laws  of  what  Government,  State  or  Territory  organized?  United  States 
Government;  act  of  Congress  approved  July  8,  1848.  See  copy  “ Revised  charter” 
attached  to  annual  report  for  year  1913. 

4.  If  a consolidated  company,  name  the  constituent  companies.  No. 

5.  Date  and  authority  of  each  consolidation.  No. 

6.  State  whether  respondent  is  a corporation,  a joint  stock  association,  a firm  or 
partnership  or  an  individual.  Corporation. 

7.  If  a reorganized  company,  give  name  of  original  organization  and  refer  to  laws 
under  which  it  was  organized . No. 


Directors. 


Name. 

Post-office  address. 

Expiration 
of  term. 

Howard  S.  Reeside 

1830  Nineteenth  Street  NW.,  Washington,  D.  C. . 
Dupont  Circle.  Washington,  D.  C 

Feb.  5.  1917. 

Joseph  Lei  ter 

Do. 

James  M.  Green 

1336  New  York  Avenue  NW.,  Washington,  D.  C. 
1303  New  Hampshire  Avenue  NW.,  Washing- 
ton, D.  C. 

1822  R Street  NW.,  Washington,  D.  C 

Do. 

Guy  F.  Whiting 

Do. 

Ord  Preston 

Do. 

Daniel  Fraser 

458  Pennsylvania  Avenue  NW.,  Washington, 
D.  C. 

1339  Cherry  Street,  Philadelphia,  Pa 

Do. 

John  D.  Mcllhenny 

Do. 

Principal  officers. 


Salary. 


Name. 


Title. 


Total. 


Applicable 
to  District 
of  Colum- 
bia. 


Howard  S.  Reeside  . . 

William  B.  Orme 

George  M.  Whitwell. 
Lawrence  Townsend . 

Rawlins  Hume 

Sanford  N.  Whitwell 

A.  B.  Kelly 

Berry  & Minor 

H.  G.  Reed 

E.  S.  U instead 

James  S.  Mcllhenny. 
Thomas  B.  Hopper.. 
Timothy  S.  Tincher. 

J.  J.  Darlington 

General  office  force . . 


President 

Secretary 

Assistant  secretary 

Treasurer 

Assistant  treasurer 

General  auditor 

Cashier 

General  counsel 

Manager  sales  department 

Superintendent  of  distribution 

Chief  engineer 

Superintendent  of  manufacture,  west  station 
Superintendent  of  manufacture,  east  station. 
Consulting  counsel 


$18, 000. 00 

7. 500. 00 
3, 500.  00 

5.000. 00 

3.000. 00 

5.000. 00 
4,  200.00 

6. 000.  00 

2. 300. 00 

2. 500. 00 
6, 000. 00 
2,645.77 

4.000.  00 

5. 000.  00 
10,587.06 


$18,000.00 
7, 500.  00 

3. 500. 00 

5.000. 00 

3.000. 00 

5.000. 

4, 200. 

6.000. 

2, 300. 

2.500.00 
6,000.00 
2, 645. 77 

4.000. 00 

5.000. 00 
10,587.06 


Officer  to  whom  correspondence  concerning  this  report  should  be  addressed:  San- 
ford N.  Whitwell,  general  auditor,  Washington  Gas  Light  Co.,  411  Tenth  Street  NW. 

59 


8888 


60  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Employees  other  than  officers. 


- 

Number 
of  em- 
ployees. 

Average  wages. 

Maxi- 

mum 

Class. 

Per 

month. 

Per 

week. 

Per 

day. 

hours 

continu- 

ous 

service. 

Commercial: 

1 

$200. 00 

1 

160. 00 

5 

92. 66 

8 

8 

116. 14 

8 

Clerks. ..... 

13 

94.29 

8 

Meter  inspectors’  roll: 

39 

$2. 72 

8 

1 

5. 65 

8 

Assistant  superintendent 

1 

3.76 

8 

Clerks * 

20 

2. 74 

8 

Storeroom  roll: 

Superintendent 

1 

5.50 

8 

Clerks 

5 

2. 70 

8 

Laborers 

4 

1.94' 

8 

General  office  roll: 

Clerks 

7 

123.28 

8 

Stenographers 

2 

66. 75 

8 

Superintendent  of  buildings 

1 

4.00 

8 

Carpenters 

2 

1 

2.75 

8 

Janitors 

7 

1.98 

10 

Other  employees 

9 



2.09 

8 

Sales  department: 

Salesmen 

7 

$17. 50 

8 

Clerks  and  other  employees 

10 

13. 90 

8 

Transmission  and  distribution: 

Meter  shop— 

Foreman 

1 

5.04 

8 

Repairers,  testers,  clerks,  etc 

21 

2.91 

8 

Distribution  (street) — 

Assistant  superintendent 

1 

166.66 

Clerks 

4 

2.88 

8 

Foremen 

13 

2. 98 

8 

Inspectors 

9 

2. 98 

8 

Laborers 

71 

1.56 

8 

Draftsmen 

2 

3.00 

8 

Other  employees 

20 

2. 19 

8 

Fitting  shop — 

Superintendent 

1 

166. 66 

Fitters  and  helpers 

78 

2. 37 

8 

Clerks 

11 

2.95 

8 

Foremen 

10 

3.86 

8 

Laborers  and  other  employees 

17 

1.75 

8 

Production,  gas  works: 

Foremen  and  engineers 

13 

3. 70 

10 

Chemist 

1 



4. 11 

10 

Assistant  chemists 

2 

2. 52 

10 

Draftsman 

1 

4.00 

8 

Clerks 

3 

! 

2.44 

8 

Firemen 

7 

2. 21 

10 

Runners 

15 

2.50 

10 

Coal  men 

32 

2.00 

10 

Laborers 

72 

1.67 

10 

Other  employees 

51 

1 

2.31 

10 

Carpenters 

2 

4.50 

10 

Machinists  and  helpers 

5 

i 

3.00 

10 

Masons 

9 

5.42 

8 

1 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA,  61 


Corporations  controlled  by  respondent. 


Name. 

Control. 

Sole  or 
joint. 

How  established. 

Extent. 

Direct  or  indirect. 

Other  parties  to 
agreement  for 
joint  control. 

ACTIVE  CORPORATIONS. 

Washington  Gas  Light 
Co.  of  Montgomery 
County,  Md. 
Georgetown  Gas  Light 
Co. 

Joint 

Through  own- 
ership of  major- 
ity of  stock. 

Washington  Gas 
Co.  owns  3,530 
out  of  6,000 
shares  of  capital 
stock. 

Shares. 

497 

Joseph  Leiter,  Ord 
Preston,  Wil- 
liam Orme. 

Do  not  control 
either  directly  or 
indirectly. 

Inactive  corporations:  None. 

FACTS  PERTAINING  TO  CONTROL  OF  THE  RESPONDENT. 

1.  Date  of  last  meeting  of  stockholders  for  election  of  directors:  February  7,  1916. 

2.  Date  of  last  closing  of  stock  books  before  end  of  year  for  which  this  report  is  made: 
October  15,  1916. 

3.  Total  number  of  stockholders  of  record  at  the  date  required  in  answer  to  question 
2:  1,579? 

4.  Has  each  share  of  stock  one  vote?  Yes. 

5.  Has  any  issue  of  securities  contingent  voting  rights?  No. 

6.  Has  any  issue  of  securities  special  privileges  in  the  election  of  directors?  No. 

7.  Did  any  individual,  association,  corporation  or  corporation's,  gas,  electric  or  other, 
control  the  respondent  on  December  31,  1916?  No. 

8.  Did  any  individual,  association  or  corporation,  as  trustee,  control  the  respondent 
on  December  31,  1916?  No. 

Name  of  every  company  the  operations  of  which  are  included  in  this  report:  Wash- 
ington Gas  Light  Co. 

Companies  jointly  operated:  None. 


Capital  stock. 

Common: 

Number  of  shares  authorized 130,  000 

Par  value  of  1 share $20.  00 

Total  par  value  authorized 2,  609,  000.  00 

Total  par  value  outstanding 2,  600.  000.  00 

Total  par  value  held  by  respondent  corporation None. 

Total  par  value  not  held  by  respondent  corporation 2,  600,  000.  00 

Dividends  declared  during  year — 

Rate  per  share 4.  8 0 

Amount 624,  000.  0 0 

Number  of  shares  issued  during  year N one 


Funded  debt. 

50-year  5 per  cent  gold  coupon  bonds,  general  mortgage: 


Issue,  November,  1910. 

Maturity,  1960. 

Total  par  value  authorized $5,  200, 000.  00 

Total  par  value  outstanding . 4,  059.  652.  00 

Total  par  value  held  by  respondent  corporation — 

In  treasury 1,140,348.00 

In  sinking  or  other  funds None. 

Total  par  value  not  held  by  respondent  corporation 4,  059,  652. 00 

Interest — 

Rate,  5 per  cent. 

Payable,  May  1 and  November  1. 

Amount  accrued  during  year 202,  975.  00 

Amount  paid  during  year 202,  975.  00 

Total  par  value  issued  during  year:  None. 


Receiver’s  certificates:  None. 

Security  for  bonded  debt:  Fifty-year  5 per  cent  gold  coupon  bonds,  general  mort- 
gage; property  mortgaged  and  securities  pledged,  all  real  estate  and  personal  property 
'of  the  company. 


62  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Recapitulation  of  capitalization. 

Total  par  value  outstanding: 

Capital  stock $2,  600,  000.  00 

Funded  debt 4,  059,  652.  00 


Total 6,659,652.00 

Income  account  statement. 

Operating  income: 


Outside  operations: 

Outside  operations,  revenues 214,  330.  04 


Net  deficit  from  outside  operations 831.  47 


Total  net  revenue 1,  020, 190.  56 

Deductions  from  total  net  revenue: 


Uncollectible  customers’  bills 46.  06 


Total  deductions  from  net  revenue 156,  698.  86 


Net  operating  income $863,  491.  70 

Other  income: 

Miscellaneous  rent  revenues, 1,  603.  96 

Dividend  revenues 9.  421.  40 

Interest  revenues 9, 129.  49 


Total  other  income 20, 154.  85 


Gross  corporate  income. 883,  646.  55 

Deductions  from  gross  corporate  income: 

Interest  deductions 215, 103.  78 

Bad  debts  written  off 519.  43 

Amortization  of  debt  discount  and  expense 3,  528.  60 

Amortization  of  premium  on  debt — Cr 3,  024 . 17 

Other  deductions  from  gross  corporate  income 1,  535.  51 


Total  deductions  from  gross  corporate 

income 217,  663. 15 


605,  983.  40 

Disposition  of  net  corporate  income,  dividends  declared  on  common 
stock 624,  000.  00 


Surplus 41,  983.  40 

Operating  revenues. 

Sale  of  gas  for  municipal  purposes $78,  848.  32 

Prepaid  gas  sales 50,  998.  66 

Commercial  gas  sales 2, 125,  614.  60 

Sale  of  gas  to  other  gas  corporations 7,  345.  87 

Sale  of  residuals  and  by-products: 

Sale  of  gas  coke 11.  80 

Sale  of  tar 9,  051.  47 

Sale  of  other  residuals  and  by  products 67, 194.  60 

Other  miscellaneous  gas  revenue 6,  051.  85 


Total  operating  revenues 2,  345, 117. 17 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  63 


Operating  expenses. 


Account. 

Amount. 

1 

Ratio  to 
total  of 
general 
account. 

Ratio  t© 

* total 
operating 
expenses. 

Production  expenses: 

118,450.66 
75, 837. 55 

Per  cent. 
0. 0217 

Per  cent. 
0.0138 

Works  labor 

.0894 

.0573 

59, 251. 97 

.0698 

.0447 

Water 

245.38 

.0003 

.0002 

245,582. 06 
365,002.51 

.2891 

.1855 

Water-gas  oil 

.4298 

.2759 

4,576.70 
22,  207.  41 

.0054 

.0034 

Miscellaneous  works  expense 

.0262 

.0168 

7, 484.  61 

.0088 

.0056 

Works  and  station  structures,  maintenance 

12, 406. 08 
8,507.11 
29, 157. 66 
666.08 

.0145 

.0094 

Power-plant  equipment,  maintenance 

. 0100 

.0064 

Gas  apparatus,"  maintenance 

.0343 

.0220 

Works  "tools,  maintenance 

.0007 

.0005 

Total  production  expenses 

849, 375. 78 

1.00 

.6415 

Transmission  and  distribution  expenses: 

4,248.  61 
23, 918. 71 
10, 296.  07 
27, 305. 18 
20, 032. 52 
33, 352. 21 
25, 453. 47 
664. 27 
2, 962. 02 

.0288 

.0032 

Distribution  superintendence 

. 1614 

.0181 

. 0695 

.0078 

Gas  meter  and  Installation  work 

.1840 

.0206 

Work  on  consumers’  premises 

. 1350 

.0151 

Gas  mains  and  services — maintenance 

.2250 

.0252 

Gas  meters — maintenance 

.1718 

.0192 

Distribution  tools— maintenance  and  equipment  maintenance 

Gas  appliances — maintenance 

.0045 

.0200 

.0005 

.0022 

Total  transmission  and  distribution  expenses 

148, 233. 06 

1.00 

.111® 

Street  and  park  lighting  expenses: 

Street-lamp  operation 

2,386. 63 
1,917.92 

.5544 

.0018 

Street  lamps — maintenance 

.4456 

.0014 

Total  street  and  park  lighting  expenses 

4,304. 55 

1.00 

.0032 

Commercial  expenses: 

Commercial  administration 

98,503.11 
9, 464. 78 
6, 977. 06 

.8570 

.0743 

Advertising 

.0823 

.0072 

Other  commercial  expenses 

.0607 

.0053 

Total  commercial  expenses 

114, 944. 95 

1.00 

.0868 

General  and  miscellaneous  expenses: 

Salaries  and  expenses  of  general  officers 

43, 705. 00 

.2108 

.033® 

Salaries  and  expenses  of  general  office  clerks 

10,587.06 
7, 146. 33 

.0511 

.0086 

General  office  supplies  and  expenses 

.0345 

.0054 

General  law  expenses 

11,462.  23 

.0553 

.0087 

Miscellaneous  general  expenses 

16, 423.  67 
6,070. 23 
12,541.96 

.0792 

.0124 

Insurance 

.0293 

.0046 

Relief  department  and  pensions 

.0605 

.0094 

Residuals  expense 

564.  28 

.0027 

.0004 

.0517 

General  amortization 

68,307.82 
2,091.38 
7, 247. 69 

.3295 

Injuries  to  persons  and  property 

.0101 

.0016 

Stationery  and  printing 

.0350 

.0055 

Store  expenses 

8, 526.  45 

.0412 

.0065 

Stable  and  automobile  expenses 

33, 867. 59 
24,008.54 
2, 703.  65 

. 1638 

.0256 

Miscellaneous  adjustments,  balance 

.1160 

.0182 

General  structures,  maintenance 

.0130 

. 0026 

Total  general  and  miscellaneous  expenses 

207, 236. 80 

1.00 

.1566 

RECAPITULATION  OF  EXPENSES. 

Production  expenses 

849,375. 78 
148,233.06 

.6415 

Transmission  and  distribution  expenses 

. 1119 

Street  and  park  lighting  expenses 

4, 304. 55 
114,944.95 
207, 236.  80 

.0032 

Commercial  expenses 

.0868 

General  and  miscellaneous  expenses 

.1566 

Total  operating  expenses 

1,324,095.14 

1.00 

Rates  of  operating  expenses  to  operating  revenues,  56.46  per  cent. 


64  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA 


Balance  sheet  accounts. 


. 

Dec.  31,1915. 

Dec,  31,  1916. 

Increase  or 
decrease. 

ASSETS. 

Permanent  and  long-term  investments: 

Fixed  capital,  plant  and  equipment,  Dec.  31,  1909  (de- 
voted to  operation) 

$12, 268, 100. 29 

1,148,200.80 

$12,238,325.09 

1,327,568.63 

1 29,775.20 

179,367.83 

Expenditures  for  plant  and  equipment  since  Dec.  31, 
1909 

Accrued  amortization  of  capital 

13,416,301.09  I 
421, 220. 60 

13, 565, 893. 72 
461,292.05 

149,592.63 

40,071.45 

Total 

12,995,080. 49 

13,104,601.67 

109,521.18 

Securities  owned  of  proprietary,  affiliated,  or  controlled 
companies 


314,379.00  314,379.00 


Working  assets: 

Materials  and  supplies 

Cash 

Bills  receivable 

Accounts  receivable 

Advances 

Other  working  assets 

Total 

Accrued  income  not  due,  interest  and  dividends  receivable. . 

Deferred  debit  items: 

Insurance  premiums  paid  in  advance 

Suspense  accounts 

Other  prepayments 

Unamortized  debt  discount  and  expense 

Construction  work  in  progress 

Total 

Grand  total 


LIABILITIES. 


Common  stock 

Long-term  funded  debt 

Working  liabilities: 

Consumers’  deposits 

Loans  and  bills  payable 

Audited  vouchers  and  wages  unpaid 

Other  working  liabilities 

Total 

Accrued  liabilities  not  due: 

Taxes  accrued 

Interest  accrued 

Total 

Deferred  credit  items,  unamortized  premium  on  debt 

Consumers’  proportion  of  gas  services 

Free  surplus— balance 


266, 408.  24 
104, 812.  25 

4. 750. 00 
340,934.97 

5.825.00 

1.106.00 

199, 511.00 
160,891.88 

4.750.00 
344.141.13 

5. 475. 00 

1. 106. 00 

66,897.  24 
56,079.63 

3,206. 16 
350.00 



723,836. 46 

715,875.01 

7,961.45 

29,231.25 

38,178.75  | 8,947.50 

2, 593. 79 

9,562.20 
5,076. 10 
v 20,016.66 

14, 114. 77 
28,042.85 

6.968. 41 
5,076. 10 

5.375.41 
3,528.60 

15,827. 97 

14,641.25 

17,643.37 

12,214.88 

47,093.29 

76,812. 58 

29,719.29 

14,109,620.  49 

14, 249, 847. 01 

140,226. 52 

2,600,000.00 
4,059, 652.00 

2,600,000.00 

4,059,652.00 

225, 284. 55 

228, 211. 55 
100,000.00 
53.266.  49 
1,087. 67 

2,927.00 
100,000.00 
21,915.81 
518. 50 

75,181.80 
569. 17 

301,035.52 

382,565. 71 

81,530. 19 

244,213.83 

33.829.16 

157,329.74 

36,497.17 

86,884-09 

2,668.01 

278,042.98 

193,826.91 

84,216.08 

15,120.83 
14, 734. 77 
6,841,034. 38 

12,096.66 
30, 933. 58 
6, 970, 772. 15 

3,024,17 
16, 198. 81 
129, 737. 77 

14, 109, 620. 49 

j 14,249,847.01 

140,226.52 

Grand  total 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  65 


Capital  accounts. 


Accounts. 

Total,  year 
1916. 

Installed  Dec. 
31,  1909,  to 
Jan.  1,  1916. 

Total  to 
Dec.  31, 
1916. 

Land  devoted  to  gas  operations 

$22,938.05 

$76,576.85 

$99,514. 90 

500. 00 

500.00 

General  structures  and  equipment: 

8, 440. 65 
528. 95 
209. 33 

1,805.84 
15,572.69 
4, 156. 48 
189. 47 
28,563.85 

10, 246. 49 
16, 101.  64 
4, 365. 81 
189. 47 
30,560.85 

Genera]  office  equipment 

General  shop  equipment 

General  stable  equipment 

Total  general  structures  and  equipment 

Production  plant: 

Works  and  structures 

Holders 

1,997.00 

11,175.93 

50, 288. 33 

61,464.  26 

17,246. 07 
10, 058. 10 
396. 00 

64,649.28 
1,964.11 
21,440.  77 
15, 072. 51 

81,895. 35 
12, 022.  21 
21,836. 77 
15, 072. 51 
193. 32 
2,338.  71 
3,262.  86 
71,843.30 
8,403. 98 
81,354.83 

Furnaces,  boilers,  and  accessories 

Steam  engines 

193. 32 
36.90 

Miscellaneous  power-plant  equipment 

Benches  and  retorts 

2, 375.  61 
3, 262. 86 
68,456.6.? 
6, 288.  71 
66, 202.  95 

Water-gas  sets  and  accessories 

Purification  apparatus 

Accessory  equipment  at  works 

Total  production  plant 

Transmission  and  distribution  plant: 

Trunk  lines  and  mains  (distribution  department  equip- 
ment, Booster  station  eouipment,  Brightwood) 

Gas  services 

3, 386.  65 
2, 115. 27 
15, 151.88 

48, 510. 39 

249, 713. 45 

298, 223. 84 

28,635.84 
36, 860.  74 
25, 107. 37 
2, 929. 92 

471, 579. 42 
49, 889. 26 
195, 949. 32 
2, 102. 89 

500, 215. 26 
86, 750. 00 
221,056. 69 
5,032. 81 

Gas  meters 

Gas  meter  installation 

Total  transmission  and  distribution  plant 

Municipal  street-lighting  fixtures 

Ancillary  equipment: 

Gas  engines  and  appliances 

Gas  tools  and  implements 

Gas  laboratory  equipment 

Total  ancillary  equipment 

Undistributed  construction  expenditures,  engineering  and 
superintendence 

93,533. 87 

719, 520. 89 

813,054.76 

1,032.80 

30,309.92 

31,342. 72 

3,475.81 
37.26 
148. 79 

6,338.33 
1,253.48 
3, 839. 47 

3, 862. 52 
1,290.74 
3,988.26 

2,289.76 

11,431.28 

9, 141.52 

4, 466. 55 

9, 860.08 

14,326. 63 

RECAPITULATION. 

Land  devoted  to  gas  operations.., 

Total  intangible  capital 

22,938.05 

73, 576. 85 
500. 00 
50,288. 33 
249, 713. 45 
719,520.89 
30,309.92 
11,431.28 
9, 860. 08 

99, 514. 90 
500.00 
61,464.26 
298, 223. 84 
813,054.  76 
31,342. 72 
9,141.52 
14, 326. 63 

Total  general  structures  and  equipment 

Total  production  plant 

11,175.93 
48,510. 39 
93,533.87 
1,032.80 
2, 289. 76 
4, 466. 55 

Total  transmission  and  distribution  plant 1 

Municipal  street-lighting  fixtures 

Total  ancillary  equipment 

Total  undistributed  construction  expenditures 

Grand  total 

179,367.83 

1,148,200.80 

1,327,568. 63 

Corporate  surplus. 

DEBITS. 


Deductions  for  year: 

Federal  income  tax,  balance  1914 $88.  25 

Bad  checks,  1915 56.  94 

Loss  on  gas  service  bills,  prior  to  1916 38.  66 

Adjustment  cuts  in  streets,  prior  to  1916 20.  59 

Refund  consumers’  deposits,  etc 29.  57 

Balance  carried  to  balance  sheet 6,  970,  772. 15 


Total 6,971,006.16 


H.  Doc.  2038,  64-2 5 


66  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


CREDITS. 

Balance $6,  841,  034.  38 

Credit  balance  transferred  from  income  account 41,  983.  40 

Additions  for  year: 

Adjustment  of  personal  taxes,  prior  to  1916 81,  822.  65 

Interest  on  personal  tax,  1914,  and  costs  paid  by  District  of  Columbia  1,  966.  06 

Refund  taxes,  1915,  on  sublot  4,  square  south  of  square  1025 45.  00 

Refund  of  tax  on  coal  by  Philadelphia  & Reading  Coal  & Iron  Co. . . 3,  580.  38 

Discounts,  1914,  1915,  Standard  Oil  Co 48.  95 

Water  gas  tar,  1915 90.  00 

Sale  of  typewriter 86.  65 

Damage  to  electric  light  post,  prior  to  1916,  collected 23. 46 

Gas  sales,  1915 218. 49 

Refund  on  G.  A.  R.  encampment  donation,  1915 83.  33 

Collected  on  bad  account 4. 00 

Service  pipe,  1907 15.  80 

Unclaimed  wages,  1915 2. 12 

Unclaimed  balance  of  consumers’  deposits 1.  49 


Total 6,971,006.16 


Stocks  and  funded  debt  owned . 


stocks. 


Name. 

Par  value 
of  stocks 
owned. 

Dividends  declared. 

Valuation 
of  stocks 
owned  (our 
book 
values). 

Rate. 

Amount. 

Securities  owned  of  proprietary,  affiliated,  or  controlled 
companies: 

Washington  Gas  Light  Co.  of  Montgomery  County, 
Md 

$9. 940. 00 
88, 250. 00 

Per  cent. 

6 

15 

$596.40 

8,825.00 

$10, 000.00 
172,004.00 

Georgetown  Gas  Light  Co 

Total 

98, 190.00 

9,421.40 

182,004.00 

FUNDED  DEBT. 


Name. 

Par  value 
of  funded 
debt 
owned. 

Interest  accrued. 

Valuation 
of  funded 
debt 
owned. 

Rate. 

Amount. 

Securities  owned  of  proprietary,  affiliated,  or  controlled 
companies:  Georgetown  Gas  Light  Co.  certificates  of 
indebtedness 

$132,375.00 

Per  cent. 

5 

$6, 615.00 

$132,375.00 

1 Semiannually. 


Sinking,  redemption,  and  other  special  funds:  None. 

Outside  operations,  revenues  and  expenses:  None. 

IMPORTANT  CHANGES  DURING  THE  YEAR. 

Extensions  or  additions  to  plant  or  equipment:  West  station. — Converted  storage 
holder  into  a relief  holder,  necessitating  the  installation  of  a new  36-inch  inlet 
connection,  and  other  work;  installed  larger  gas  mains  connections  from  gas  genera- 
tors to  new  relief  holder  and  back  to  exhausters;  dry  seals  on  eight  purifier  boxes 
to  increase  capacity  of  same;  automatic  safety  seal  on  exhauster  outlet;  new  500,000- 
gallon  oil  tank  with  brick  retaining  wall,  pipe  line  to  oil  tank;  water  gas  tar  pipe  line 
from  relief  holder  to  tar  separators;  built  new  stable  and  garage;  new  pump  house. 
East  station.— Installed  carburetor  blast  control  and  hydraulic  valve,  Terry  turbine 
blowing  set,  new  500,000-gallon  oil  tank,  pipe  line  to  oil  tank,  150-foot  extension  to 
trestle. 

Decrease  or  abandonment  of  plant  or  equipment:  Mains,  1, 177  feet;  service  pipe, 
2,857  feet;  coal  shed  and  trestle,  east  station;  2 stables  at  west  station. 

Contracts  and  agreements:  None. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  67 


Taxes  and  assessments. 


State  or  Territory. 

Ad  valorem 
on  real  and 
personal 
property. 

Specific. 

Internal 
revenue 
United 
States  Gov- 
ernment. 

Total. 

On  bonds. 

On  earn- 
ings, rev- 
enue or 
dividends. 

.Washington,  D.  C 

$29, 574.  74 

$1, 122. 67 

$8, 006. 80 

Personal  tax  for  year  ending  June  30,  1915 
(see  insert  in  year,  1915,  annual  report  as 
to  status  of  personal  tax) 

$74, 057. 12 
80,289.53 

Personal  tax  for  year  ending  June  30, 1916. . 

Total 

29, 574.  74 

1, 122. 67 

154, 346.  65 

8, 006. 80 

$193, 050.86 

Property  abandoned , 1916. 

Description  of  property. 

Account  credited. 

Total  amount 
chargeable 
and  charged  off. 

Mains  (1,777  feet) 

Services  (2, 857  feet) 

Fixed  capital,  plant  and  equipment,  Dec.  31,  1909 

do 

$1,021.59 
820. 17 

GAS  STATISTICS. 


Location  of  works:  Twenty-sixth  and  G Streets  NW.,  and  Twelfth  and  M Street 
SE. 

Real  estate  devoted  to  gas  operations. 

Description  of  land  and  buildings  owned  or  occupied:  See  insert  in  back-  of  book 
for  year  1914. 

Area  of  land:  See  insert  in  back  of  book  for  year  1914. 

Whether  owned  or  leased:  Owned. 

Year  of  acquisition:  Lot  9,  square  31,  1913  (cost,  $175,000);  Analostan  Island, 
1913  (cost,  $7,281,597);  north  half  lot  11,  square  378,  1916  (cost,  $3,122,295);  year  of 
acquisition  and  cost  of  balance  of  real  estate  not  available. 

Size  and  material  of  buildings:  See  insert  in  back  of  annual  report  for  year  1914. 

Book  value:  In  the  appraisal  of  Humphreys  & Glasgow  (Inc.)  the  value  of  all  real 
estate,  exclusive  of  lot  9,  square  31,  Analostan  Island,  and  north  half  lot  11,  square 
378,  was  placed  at  $1,083,221.35. 

Description  of  meters A 


Size,  number 
of  lights. 

Record  of  all  meters  in  use  during  year. 

Number  of 
prepay- 
ment me- 
ters of  each 
size  in  use 
Dec.  31, 
1916. 

Meters  con- 
demned 
during  year 
ending  Dec. 
31, 1916. 

Number 
in  use  Dec. 
31, 1915. 

Removed 

since. 

Added 

since. 

Changed 
in  size. 

Number 
in  use  Dec. 
31, 1916. 

3 

23, 905 

1,333 

2, 107 

-297 

24,382 

* 4, 039 

334 

5 and  5a 

33, 465 

863 

3, 765 

+259 

36, 626 

81 

10  and  10a 

2, 727 

103 

324 

+ 50 

2, 998 

8 

20 

872 

27 

15 

— 5 

855 

30  and  30a 

538 

20 

40 

558 

45 

250 

10 

5 

— 4 

241 

2 

60 

133 

2 

3 

+ 2 

136 

1 

100 

110 

3 

— 5 

102 

2 

200 

24 

1 

2 

25 

300 

7 

1 

8 

Total. . . 

62, 031 

2, 362 

6, 262 

65, 931 

4,039 

428 

1 Do  not  include  meters  in  stock. 


. 2 All  3-light. 


68  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA, 


Gas  on  hand  on  Dec.  31,  1915 

Water  gas  made  during  year 

Gas  sold  by  meter  during  year 

Gas  supplied  to  public  lamps  during  year 

Gas  sold  to  other  plants  during  year 

Gas  used  at  works  and  offices  during  year. 
Gas  on  hand  Dec.  31,  1916 


5,  679,  000 
3,050, 141,  000 


2,  644,  895,  000 
162,  820,  625 
11,  906,  800 
14,  225,  300 
5,  200,  000 


Feet. 


3, 055,  820,  000 


Total  gas  sold,  used,  and  on  hand 2,  839,  047,  725 

Gas  unaccounted  for  during  year 216,  772,  275 


Description  of  purifiers. 


Location. 

Number. 

Length. 

Width. 

Depth. 

Northeast  corner  Twelfth  and  M Streets  SE 

8 

Feet. 

24 

Feet. 

24 

Feet, 

7 

Southeast  corner  Twenty-sixth  Street  and  Virginia 
Avenue  N W 

8 

25 

20 

7 

Northwest  corner  Twenty-sixth  and  G Streets  NW 

4 

25 

20 

4 

Northeast  Corner  Twenty-seventh  and  H Streets 

4 

25 

25 

4 

Description  of  holders  and  their  location. 


Location.' 

Number. 

Open  or 

Dimensions. 

Date  of 
construc- 
tion. 

Working 

capacity. 

covered. 

Diameter. 

Height. 

Southwest  corner  Twenty-sixth  and  G 

1 

Open.... 

Feet. 

113 

Feet. 

60 

1893 

Cu.feet. 

600,000 

Streets  NW. 

Southwest  corner  New  Hampshire  and  Vir- 

1 

...do 

113 

60 

1883 

600,000 

ginia  Avenues  NW. 

Northeast  corner  New  Hampshire  and  Vir- 

1 

...do 

145 

90 

1898 

1,500,000 

ginia  Avenues  NW. 

Southeast  corner  Twelfth  and  M Streets 

1 

...do 

152 

66 

1889 

1,200,000 

SE. 

Southwest  corner  Thirteenth  Street  and 

1 

...do 

123 

86 

1895 

1,000,000 

Virginia  Avenue  SE. 

First  and  K Streets  SW 

1 

. . .do 

112 

60 

1876 

600,000 
2, 600, 000 

Do  

1 

...do 

150 

115 

1909 

Greatest  output  in  24  hours,  with  date  of  same,  December  16, 1916, 12,018,000  cubic 
feet. 

Least  output  in  24  hours,  with  date  of  same,  August  6,  1916,  5,020,000  cubic  feet. 
Usual  day  pressure  on  street  mains  as  indicated  at  works.  40/10  from  5 a.  m.  to  11 
p.  m.,  gradually  reducing  to  — 

Usual  night  pressure  on  street  mains  as  indicated  at  works,  30/10  from  11  p.  m.  to 
5 a.  m. 

Kind  and  sizes  of  street  mains  and  length  of  each  size  in  feel. 


Kind. 

Diameter, 
in  inches. 

Total 
length,  in 
feet,  Dec. 
31, 1915. 

Taken 
up  since. 

Aban- 
doned but 
not  re- 
moved. 

Laid 

since. 

Total 
length,  in 
feet,  Dec. 
31,  1915. 

Cast  iron 

24 

34, 715 

34, 715 
32, 108 

Do  . 

20 

32, 108 

Do 

16 

25,525 
202,  610 
44, 386 
14, 028 
660, 476 
1,266,393 
268,  712 

25,525 
202, 674 
44, 386 

Do... 

12 

64 

Do 

10 

Do 

8 

14,028 

670,411 

Do 

6 

492 

10, 427 
11,490 

Do 

4 

245 

1,  277,  638 
268,652 

Do  . 

3 

18 

42 

Subtotal 

2, 548, 963 
25, 692 
14, 443 

755 

42 

21, 981 
372 

2,570, 137 
25,  658 
22,629 
142,518 
75,  956 

Wrought  iron 

2 

406 

Do 

8, 186 
4,883 

Do 

li 

137,  952 
76,  213 

317 

Do 

1 

257 

Total 

2, 803,  253 

1,735 

42 

35, 422 

2,  836,  898 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  69 


Statement  of  gas-making  materials  for  the  year  ending  Dec.  31,  1916. 


Anthracite 

coal. 

Gas  coal. 

Steam  coal. 

Retort 

coke. 

Oven  coke. 

Gas  oil. 

On  hand  Dec.  31. 1916 

Received  during  the  year — 
Sold  during  the  year 

Tons.  Lbs. 
19, 143 

28,381  2,166 
485 

34,350  1,746 
3,412 

Tons. 

2,592 

4 

Tons.  Lbs. 
2,530 

4,063  508 

Tons.  Lbs. 
24  960 

1 1,600 
2 1,280 
11  1,920 

Tons.  Lbs. 

11,084  2,040 

Gallons. 

2,231,812 

10,727,191 

(reneratinp’  wa  t.p.r  gas 

10,687  539 

60  1,560 

Generating  steam 

Carburetting  the  gas 

1,106 

6,275  1,588 

11,844,398 

Used  for  other  purposes 

Lost . 

191 

1 

3,004  1,240 
6,080  1,420 

88 

54 

8 640 

1 660 

Shortage  (by  inventory) 

665 

729 

On  hand  Dec.  31, 1916 

Average  unit  cost 

263  1,160 

335  1,521 

1,114,605 

$5.35 

$3.54 

$3.28 

$5.91 

$0.0308 

Statement  of  residual  products  for  the  year  1916. 


Coke. 

Water-gas  tar. 

Holder  oils. 

Light  oils. 

On  h^nd  Dec.  31, 1915 

Made  during  the  year 

Tons.  Lbs. 

24  960 

Not  measured... 
do 

Not  measured... 
do 

Not  measured. 

Do. 

None. 

Not  measured. 
Do. 

Used  during  the  year 

Sold  during  the  year 

On  hand  Dec.  31, 1916 

22  1,600 

1 1,600 

13,013,530  gallons 
328,742  gallons.. 
Not  measured... 

None 

84,910  gallons 

Not  measured... 

Prices  now  obtained  for  residuals:  Coke,  none  for  sale;  water-gas  tar,  2 and  2\  cents 
per  gallon;  light  oils  sold  by  flat  rate  contract. 

Length  and  sizes  of  mains  laid  during  the  year  for  which  contributions  have  been 
required  of  customers  or  others,  and  amount  of  such  contributions:  None. 


Service  pipes  and  fittings. 


Added  within  the  year  1916. 

1 

1 Removed 

Diameter,  in  inches. 

Number. 

Length, 
in  feet. 

Material. 

Total 
cost  per 
foot. 

Total 
cost  in- 
stalled. 

or  aban- 
doned in 
year. 

Independent  of  size 

$99.96 

$0.0371 

$3,347.00 

f-inch 

9 

1-inch 

891 

39. 23 

.1149 

102.35 

47 

1^-ineh 

1,350 

113 

69,003 
8, 131 
5,737 
5,257 
; 1, 090 

6,080.07 

1,083.55 

.3172 

21,888. 07 
3, 124.33 
3, 227. 84 
3,871.16 
1,711.13 

15 

lj-inch 

.3842 

1 

2-inch 

76 

1,144.75 

.5626 

4 

3-inch 

28 

1,836.23 

.7364 

2 

4-inch 

14 

1,131.81 

1.5698 

Total 

1,581 

90,109  ! 

1 

11,415.60 

.4136 

37,271.88 

78 

Number  of  residences  piped  by  respondent  in  the  year:  194. 

Number  of  business  places  piped  by  respondent  in  the  year:  None. 

Are  service  pipes  laid  free  from  main  to  meter?  No. 

If  not,  for  what  portion  of  pipe  is  charge  made?  For  one-half  of  entire  cost  of  all 
pipe  laid. 

At  what  rates  per  foot  are  consumers  charged? 


70  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Size. 

Inside 

exten- 

sion. 

I 

I 

Dirt.  | Brick. 

Belgian 

block 

or 

cobble. 

Macad- 

am. 

Granite 

block. 

Ce- 

ment. 

Asphalt 

block. 

Wood- 

en 

block. 

Bitu- 
minous 
macad- 
am or 
sheet 
asphalt. 

Vitri- 

fied 

block. 

1-inch 

$0. 1743 

$0.2751  $0.3975 

$0. 4083 

$0.5417 

$0.6083 

$0. 6417 

$0. 6563 

$0.9417 

$0.9973 

$1.0528 

11-inch 

.1953 

.3232  .4456 

.4564 

.5898 

.6564 

.6898 

.7044 

.9898 

1.0454 

1.1009 

11-inch 

.2929 

.4275  .5499 

.5607 

.6941 

.7607 

.7941 

.8087 

1.0941 

1.1497 

1.2052 

2-inch 

.3152 

.4963  | .6187 

.6295 

.7629 

.8295 

.8629 

.8775 

1. 1629 

1.2185 

1.2740 

3-inch 

.4408 

.6505  1 .7729 

.7837 

.9171 

.9837 

1.0171 

1.0317 

1.3171 

1.3727 

1.4282 

4-inch 

.5627 

1.0267  1.1491 

1. 1599 

1.2933 

1.3599 

1.3933 

1.4079 

1.6933 

1.7489 

1.8044 

One-half  of  the  above  charge  payable  by  applicant. 

Total  number  of  street  lamps  in  use  in  District  of  Columbia:  10,  577. 

Number  of  street  lamps  and  posts  owned  by  the  respondent:  2,940. 

Schedules  of  all  prices  on  December  31,  1916:  Price  to  private  customers,  75  cents 
per  thousand  cubic  feet  with  a penalty  of  10  cents  per  thousand  of  not  paid  within 
10  days  from  rendition  of  bill;  70  cents  per  1,000  cubic  feet  municipal  purposes,  build- 
ings; 70  cents  per  1,000  cubic  feet  United  States  buildings. 

Is  any  meter  rent  or  minimum  charge  made?  No. 

DEPRECIATION. 

On  the  1st  day  of  each  month  operating  expense  account  “general  amortization” 
is  charged  with  7 cents  on  each  1,000  cubic  feet  of  gas  sold  during  the  previous  month, 
the  same  account  being  credited  with  the  total  maintenance  charges  for  the  previous 
month.  The  balance  being  credited  to  “accrued  amortization  of  capital.” 

The  amount  so  deducted  from  revenues  is  designed  to  cover  the  total  estimated 
depreciation  for  the  year  of  all  depreciable  property  of  the  plant. 


OATH. 


City  of  Washington,  District  of  Columbia , ss: 

We,  the  undersigned,  Howard  S.  Reeside,  president,  and  Sanford  N.  Whitwell, 
general  auditor,  of  the  Washington  Gas  Light  Co.,  on  our  oath  do  severally  say  that 
the  foregoing  return  has  been  prepared,  under  our  direction,  from  the  original  books, 
papers,  and  records  of  said  company,  which  are  kept  in  accordance  with  the  account- 
ing rules  promulgated  by  the  Public  Utilities  Commission;  that  we  have  carefully 
examined  the  same,  and  declare  the  same  to  be  a complete  and  correct  statement  of 
the  business  and  affairs  of  said  company  in  respect  to  each  and  every  matter  and  thing 
therein  set  forth;  and  we  further  say  that  no  deductions  were  made  before  stating  the 
operating  revenues  herein  set  forth,  except  those  shown  in  the  foregoing  accounts; 
and  that  the  accounts  and  figures  contained  in  the  foregoing  return  embrace  all  of  the 
financial  operations  of  said  company  during  the  period  for  which  said  return  is  made, 
to  the  best  of  our  knowledge,  information,  and  belief. 

Howard  S.  Reeside,  President. 

Sanford  N.  Whitwell. 

Subscribed  and  sworn  to  before  me  this  27th  day  of  January,  1917. 

[seal.]  A.  B.  Kelly,  Notary  Public. 


SEMMES  MOTOR  LINE  (INC.). 

Earnings  and  expenses. 


Earnings: 

Motor-car  earnings $32,  825.  22 

Expenses: 

Vehicle  operation — 

Chauffeurs’  wages $4,  802.  20 

Gasoline 4,  268.  05 

Lubricants 924.  7.1 

Tires 5,  893.  77  . 

Maintenance — 

Body  repairs,  labor 5,  509.  23 

Chassis  repairs,  materials 7,  270.  07 

Rent,  proportion 1,  404.  87 

Taxes,  proportion 132.  75 

Insurance  other  than  on  buildings 48.  57 

General  expenses — 

Salaries  of  officers 2,  912.  00 

Office  expense 242.  93 

Advertising 61.  44 

Miscellaneous 476.  74 


Total  expenses 33,  947.  33 


Net  deficit 1,122.11 


Corporate  surplus  ( or  deficit)  account. 

DEBIT. 

Balance  from  income  account $1, 122. 11 

Balance  sheet. 

ASSETS. 


Plant  and  equipment: 

Real  estate $300.  00 

Motor  cabs 21,  625. 14 

Inventory,  supplies,  etc 800.00 

Cash: 

In  bank 39.  09 

Cashier 243.  25 

Accounts 50.  00 

Deferred  debits,  taxes,  prepaid 1, 140.  22 

Deficit 1, 122. 11 


Total  assets 25,  319.  81 


LIABILITIES. 


Capital  stock,  common 10,  000.  00 

Accounts  payable * 15, 319.  81 

Total  liabilities 25,  319.  81 


71 


72  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Detailed  report  of  officers  and  employees. 


• 

Salaries 

and 

wages. 

Average 

rate. 

Number 
of  em- 
ployees. 

President 

$2,400.00 

4,802.20 

i $200. 00 
21,200.55 

Chauffeurs 

4 

1 Per  month.  2 Per  annum. 


Cabs  used,  Wilcox;  capacity,  16  to  30  passengers. 

Washington,  D.  C.,  March  1,  1917. 
Public  Utilities  Commission  of  District  of  Columbia. 

Gentlemen:  In  lieu  of  salaries  and  wages  (besides  that  of  the  president  and  chauf- 
feurs), telephone  messages,  and  other  incidentals  connected  with  the  office  work,  a 
monthly  charge  of  $20  for  storage  is  made  against  each  bus. 

Very  truly,  yours, 

Semmes  Motor  Line  (Inc.), 
By  J.  E.  Kane,  Auditor. 

Washington,  D.  C.,  March  1, 1917. 
Public  Utilities  Commission,  of  District  of  Columbia. 

Gentlemen:  We  beg  to  advise  that  there  were  no  intra-District  passengers  on  our 
busses  during  the  year  of  1916. 

Very  truly,  yours, 

Semmes  Motor  Line  (Inc.), 
By  J.  E.  Kane,  Auditor. 


OATH. 

District  of  Columbia, 

City  of  Washington  ss: 

We,  the  undersigned,  Raphael  Semmes,  president,  and  J.  E.  Kane,  auditor,  of 
Semmes  Motor  Line  (Inc.),  on  our  oath  do  severally  say  that  the  foregoing  return  has 
been  prepared,  under  our  direction,  from  the  original  books,  papers,  and  records  of 
said  respondent,  that  we  have  carefully  examined  same,  and  declare  the  same  to  be  a 
complete  and  correct  statement  of  the  business  and  affairs  of  said  respondent  in  respect 
to  each  and  every  matter  and  thing  therein  set  forth;  and  that  the  accounts  and  figures 
contained  in  the  foregoing  return  embrace  all  of  the  financial  operations  of  said  re- 
spondent during  the  period  for  which  said  return  is  made,  to  the  best  of  our  knowledge, 
information  and  belief. 

Raphael  Semmes,  President. 

J.  E.  Kane. 

Subscribed  and  sworn  to  before  me,  this  2d  day  of  March,  1917. 

[seal.]  Rae  A.  Serwer, 

Notary  Public,  District  of  Columbia 


POSTAL  TELEGRAPH-CABLE  CO 


List  of  officers. 


Title. 

Name. 

Address. 

Salary  per 
| month. 

President 

Clarence  H.  Mackay 

253  Broadway,  New  York  City. 
do 

Vice  president  and  general 
manager. 

Vice  president 

Edward  Reynolds 

Charles  C.  Adams 

$1,424.40 

1,305. 70 
949. 60 

Do  

Charles  P.  Bruch  

do 

Do  

Edward  C.  Platt 

Treasurer 

do 

do 

356. 10 

Assistant  treasurer  

Joseph  J.  Cardona 

do 

284. 88 

Do  

Milton  W.  Blackmar 

do.... 

Do  

Robert  J.  Hall 

do 

206.54 

Secretary 

William  B . Dunn 

do 

284. 88 

Directors. 


Name. 

Address. 

Expiration 
of  term. 

Clarence  H.  Mackay 

253  Broadway,  New  York  City 

June  12, 1917. 
Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Edward  Reynolds 

. do 

Charles  C.  Adams 

do 

Charles  P.  Bruch  - . 

do 

Welcome  I.  Capen  

do 

George  G.  Ward  7 

do 

Edward  C.  Platt 

do 

William  B . Dunn . 

do 

W.  W.  Anderson.. 

Wilmington,  Del 

Local  officer  to  whom  correspondence  concerning  this  report  should  be  addressed: 
G.  M.  Foote,  manager,  1420  New  York  Avenue. 

Total  amount  of  capital  stock  outstanding,  $50,000. 


Balance  sheet. 


ASSETS. 

Plant $50,  000. 00 

Cash  in  bank 94,  556.  68 

Due  from  agents 170,  094.  53 

Accounts  receivable 98,  025. 06 

Profit  and  loss  (deficit) 13,  783.  48 

$426,  459.  75 

LIABILITIES. 

Capital  stock 50,  000. 00 

Accounts  payable 376,459.75 

426,459.75 

Income  account. 

Operating  revenues $1,223,197.30 

Operating  expenses 1, 183,  929. 00 

Net  operating  revenue $39,268.30 


73 


74  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Deductions  from  income : 

Taxes $33,963.64 

Other  deductions  from  income 15,  508. 55 


Total  deductions 


$49,  472. 19 


Net  deficit 


10,  208. 89 


Deficit  for  year 10,  203. 89 

Deficit  at  beginning  of  year ,. 3,  579. 59 

Deficit  at  close  of  year 13,  783. 48 

Revenue  from  business  done  in  District  of  Columbia  only 2,  931.  71 


Employees. 


Class. 

Number. 

Average 
daily  com- 
pensation. 

Maximum 
hours 
worked 
per  day. 

Managers 

7 

$3. 01 

9 

Chief  operators 

11 

3. 86 

9 

Operators 

70 

2.60 

9 

Clerks 

45 

1.24 

9 

Messengers  

56 

1.07 

9 

OATH. 

State  of  New  York, 

County  of  New  York,  ss : 

We,  the  undersigned,  Charles  P.  Bruch,  vice  president,  and  Joseph  J.  Cardona, 
assistant  treasurer,  of  Postal  Telegraph-Cable  Co.,  on  our  oath  do  severally  say  that 
the  foregoing  return  has  been  prepared  under  our  direction  from  the  original  books, 
papers,  and  records  of  said  company;  that  we  have  carefully  examined  the  same, 
and  declare  the  same  to  be  a complete  and  correct  statement  of  the  business  and  affairs 
of  said  company  in  respect  to  each  and  every  matter  and  thing  therein  set  forth;  and 
we  further  say  that  no  deductions  were  made  before  stating  the  operating  revenues 
herein  set  forth,  except  those  shown  in  the  foregoing  accounts;  and  that  the  accounts 
and  figures  contained  in  the  foregoing  return  embrace  all  of  the  financial  operations 
of  said  company  during  the  period  for  which  said  return  is  made,  to  the  best  of  our 
knowledge,  information,  and  belief. 

Charles  P.  Bruch, 

Vice  President . 

Joseph  J.  Cardona. 

Subscribed  and  sworn  to  before  me  this  17th  day  of  February,  1917. 

[seal.]  Robert  J.  Hall, 

Notary  Public,  Kings  County,  No.  65. 

Certificate  filed  in  New  York  County,  No.  136. 


WESTERN  UNION  TELEGRAPH  CO. 


Exact  name  of  company:  The  Western  Union  Telegraph  Co. 

List  of  officers,  title,  and  address . 


Name. 

Title. 

Address. 

Salary. 

Newcomb  Carlton 

President 

195  Broadway,  New  York  City. 
do 

$40, 000 

12. 500 

22. 500 

9, 717 
10,000 

7, 500 

9,000 

4, 166 
6,800 

G.  W.  E.  Atkins 

Vice  president 

Rush  Taggart 

Vice  president  and  general 
counsel. 

Vice  president  and  comptroller 

Vice  president  in  charge  of 
coml. 

Vice  president  in  charge  of 
traffic. 

Vice  president  in  charge  of 
pit.  and  eng. 

Secretary 

do 

E.  Y.  Gallaher 

do 

J.  C.  Willever 

do 

W.  N.  Fashbaugh 

do 

G M.  Yorke 

do 

A.  F.  Burleigh 

do 

L.  Dresdner 

Treasurer 

do 

Directors. 


Name. 


Address. 


Expiration 
of  term. 


Oliver  Ames 

William  Vincent  Astor. 

Henry  A.  Bishop 

Newcomb  Carlton 

R obert  C.  Clowry 

Henry  W.  De  Forest 

Chauncey  M.  Depew 

William  Fahnestock. . . 

Donald  G.  Geddes 

George  J.  Gould 

Chauncey  Keep 

Robert  S.  Lovett 

Edwin  G.  Merrill 

Percy  A.  Rockefeller 

Jacob  H.  Schfff 

Mortimer  L.  Schiff 

Joseph  J.  Slocum 

James  Stillman 

William  H.  Truesdale. . 
William  K.  Vanderbilt, 
Albert  H.  Wiggin 


96  Ames  Building.  Boston,  Mass 

23  West  Twenty-sixth  Street,  New  York  City . . . 

.. Post  office  box  296,  Bridgeport,  Conn 

195  Broadway,  New  York  City 

30  Church  Street,  New  York  City 

30  Broad  Street,  New  York  City 

Grand  Central  Station,  New  York  City 

2 Wall  Street,  New  York  City 

! 51  Wall  Street,  New  York  City 

I 165  Broadway,  New  York  City 

112  West  Adams  Street,  Chicago,  111 

165  Broadway,  New  York  City 

80  Broadway,  New  York  City 

26  Broadway,  New  York  City 

52  William  Street,  New  York  City 

I do 

"Ill  Broadway,  New  York  City.. 

52  Wall  street,  New  York  City 

90  West  Street,  New  York  City 

jr | Grand  Central  Station,  New  York  City 

51  Broadway,  New  York  City 


April,  1917 
Do. 

Do. 

Do. 

I Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

I Do. 

Do. 

Do. 

| Do. 


Localjofficer  to  whom  correspondence  concerning  this  report  should  be  addressed: 
E.  Y.  Gallaher,  vice  president  and  comptroller,  195  Broadway,  New  York  City. 


Total  amount  of  capital  stock  outstanding $99,  786,  726.  66 

Total  amount’of  bonds  outstanding 31,  994,  000.  00 

Total  amount  of  securities  owned  (not  held  in  sinking  or  other  funds) . 26,  707,  534.  92 

Total  amount  acquired  during  year 1,  914,  885.  92 

Total  in  sinking  and  other  funds  at  end  of  year 279,  977.  65 

Miscellaneous  income 1,  702,  460.  09 


Balance  sheet . 

ASSETS. 


Permanent  and  long-term  investments $159,  304, 859.  36 

Working  assets 31,  232,  779.  95 

Accrued  income  not  due 419,  203.  91 

Deferred  debit  items 802,  826. 11 


Total 


$191, 759, 669.33 
75 


76  balance  sheets  public  UTILITIES  DISTRICT  OF  COLUMBIA. 


LIABILITIES. 


Western  Union $99,786,726.66 

Stock  subsidiary  companies 1,  860,  450.  00 


Long-term  debt 

Working  liabilities 

Accrued  liabilities  not  due 

Deferred  credit  items 

Profit  and  loss 


$101,  647, 176.  66 
31,  994,  000.  00 
12,  879,  795.  59 
3,  325,  668.  56 
4, 185,  862.  96 
13, 159,  096.  97 
24,  568,  068.  59 


Total 


$191,  759,  669.  33 


Income  account. 


Operating  revenues $61,  919, 140.  52 

Operating  expenses 43,  018,  328.  45 


Net  operating  revenue $18,  900,  812.  07 

Miscellaneous  income 1,  702,  460.  09 


Gross  income  less  operating  expenses 20,  603,  272. 16 

Deductions  from  income: 

Taxes 1,  581, 000.  00 

Interest 1,  334, 175.  39 


Other  deductions  from  income 5,  292,  691.  73 


Total  deductions 8,  207,  867. 12 


Net  income 12,  395, 405.  04 

Disposition  of  surplus: 

Adjustments 725,  738.  23 

Dividends,  6 per  cent  on  $99,786,726  common 
stock 5,984,566.75 

6,  710,  304.  98 


Surplus  or  deficit  for  year 5,  685, 100.  06 

Surplus  or  deficit  at  beginning  of  year 18,  882,  968.  53 

Surplus  or  deficit  at  close  of  year 24,  568,  068.  59 

Receipts  from  business  done  in  District  of  Columbia  only 9, 283.  29 


OATH. 


State  of  New  York, 

County  oj  New  York , ss: 

We,  the  undersigned,  E.  Y.  Gallaher,  vice  president,  and  H.  W.  Ladd,  general 
auditor  of  the  Western  Union  Telegraph  Co.,  on  our  oath  do  severally  say  that  the 
foregoing  return  has  been  prepared,  under  our  direction,  from  the  original  books, 
papers,  and  records  of  said  company;  that  we  have  carefully  examined  the  same,  and 
declare  the  same  to  be  a complete  and  correct  statement  of  the  business  and  affairs 
of  said  company  in  respect  to  each  and  every  matter  and  thing  therein  set  forth;  and 
we  further  say  that  no  deductions  were  made  before  stating  the  operating  revenues 
herein  set.forth,  except  those  shown  in  the  foregoing  accounts;  and  that  the  accounts 
and  figures  contained  in  the  foregoing  return  embrace  all  of  the  financial  operations  of 
said  company  during  the  period  for  which  said  return  is  made,  to  the  best  of  our 
knowledge,  information,  and  belief. 

E.  Y.  Gallaher,  Vice  President. 

H.  W.  Ladd,  General  Auditor. 

Subscribed  and  sworn  to  before  me  this  6th  day  of  March,  1917. 

[seal.]  * C.  A.  Van  Brunt, 

Notary  Public , Kings  County , No.  6. 

Certificate  filed  in  New  York  County.  My  commission  expires  March  30,  1918. 


CITY  & SUBURBAN  RAILWAY  OF  WASHINGTON. 


Name  of  officer  in  charge  of  correspondence  with  the  commission  regarding  this 
report:  William  F.  Ham,  comptroller,  231  Fourteenth  Street  NW.,  Washington,  D.  C. 

IDENTITY  OF  RESPONDENT. 

1.  Exact  name  of  company  making  this  report:  City  & Suburban  Railway  of  Wash- 
ington . 

2.  Date  of  organization:  June  19,  1888,  under  name  of  Eckington  & Soldiers’  Home 
Railway  Co. 

3.  Under  laws  of  what  Government,  State,  or  Territory  organized:  Under  act  of 
Congress  approved  June  19,  1888  (25  Stat.,  p.  190),  amended  April  30,  1890  (26  Stat., 
p.  77);  April  30,  1892  (27  Stat.,  p.  23);  July  5,  1892  (27  Stat.,  p.  65);  February*  13, 
1893  (27  Stat.,  p.  444);  August  23,  1894  (28  Stat.,  p.  492);  June  10,  1896,  February  3, 
1897,  June  27,  1898,  March  3,  1899,  June  5,  1900. 

4.  If  a consolidated  or  a merging  company,  name  all  constituent  and  all  merged 
companies.  Under  act  of  Congress  approved  June  27,  1898,  the  Eckington  & Soldiers’ 
Home  Railway  Co.  acquired  the  franchises  and  property  of  the  Maryland  & Washing- 
ton Railway  Co.  and  the  Columbia  & Maryland  Railway  Co.  of  Maryland,  lying 
between  the  District  line  and  the  town  of  Laurel,  Md..  and  changed  its  own  name 
to  the  City  & Suburban  Railway  of  Washington.  Maryland  & Washington  Railway 
Co.,  incorporated  under  act  of  Congress  approved  August  1,  1892  (27  Stat.,  p.  341), 
amended  August  23,  1894  (28  Stat.,  p.  590);  March  2,  1895  (28  Stat.,  p.  713);  February 
20,  1896;  June  27,  1898.  Columbia  & Maryland  Railway  Co.  of  Maryland,  organized 
March,  1892,  under  section  23  of  the  Code  of  Public  General  Laws  of  Maryland;  charter 
amended  April,  1892,  April,  1894,  April,  1896.  Washington,  Berwyn  & Laurel  Elec- 
tric Railroad  Co.,  incorporated  December  12,  1901,  under  section  23  of  the  code  of 
Public  General  Laws  of  Maryland.  Tts  property  sold  under  foreclosure  on  September 
1,  1910,  and  acquired  October  19,  1910,  by  the  Washington,  Berwyn  & Laurel  Electric 
Railway  Co.,  incorporated  September  27,  1910,  under  section  275,  article  23,  of  the 
Public  General  Laws  of  Maryland.  Acquired  by  the  City  & Suburban  Railway  of 
Washington  on  October  20,  1910,  under  approval  of  Public  Service  Commission  of 
Maryland. 

5.  Date  and  authority  for  each  consolidation  and  for  each  merger:  As  above  stated. 

6.  If  a reorganized  company,  give-name  of  original  corporation,  refer  to  laws  under 
which  it  is  organized,  and  state  the  occasion  for  the  reorganization.  As  above  stated. 

7.  State  whether  or  not  the  respondent  during  the  year  conducted  any  part  of  its 
business  under  a name  or  names  other  than  that  shown  in  response  to  inquiry  No.  1, 
above.  No. 

8.  Give  name  of  operating  company,  if  any,  having  control  of  the  respondent’s 
property.  Operates  its  own  road. 

Directors. 


Name  of  director. 

Office  address. 

Date  of  begin- 
ning of  term. 

Date  of  expi- 
ration of  term; 

Milton  E.  Ailes 

Riggs  National  Bank,  Washington, 
D.  C. 

American  Security  A Trust  Co., 
Washington,  D.  C. 

Hibbs  Building,  Washington,  D.  C. 

Jan.  15, 191G 

Jan.  20,1917 

Do. 

Charles  J.  Bell 

do 

Woodbury  Blair 

do 

Do. 

Wm.  F.  Ham 

231  Fourteenth  Street  NW.,  Wash- 
ington, D.  C. 

do 

do 

Do. 

Clarence  P.  King 

do 

Do. 

Clarence  F.  Norment 

National  Bank  of  Washington, 
Washington,  D.  C. 

Lincoln  Avenue  and  R Street  NE., 
Washington,  D.  C. 

1 fi.ri  Broadway  New  York  Cit.v 

do 

Do. 

Geo.  Truesdell 

do 

Do. 

Wm.  Loeb,  jr 

do 

Do. 

Oscar  L.  Gubelman 

120  William  Street,  New  York  City. . 

do 

Do. 

77 


78  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Give  the  names  and  titles  of  all  officers  of  the  board  of  directors  in  control  of  the 
respondent  at  the  close  of  the  year.  Chairman  of  board,  Clarence  P.  King;  secretary 
of  board,  S.  R.  Bowen. 

Name  the  members  of  the  executive  committee  of  the  board  of  directors  of  the 
respondent  at  the  close  of  the  year  (naming  first  the  chairman),  and  state  briefly  the 
powers  and  duties  of  that  committee.  Clarence  F.  Norment  (chairman),  Clarence  P. 
King,  Charles  J.  Bell,  Woodbury  Blair,  Milton  E.  Ailes.  Powers  and  duties:  Imme- 
diate charge,  management  and  control  of  business  of  company  subject  to  the  direction 
of  board  of  directors.  Full  powers  in  the  intervals  between  the  meetings  of  board 
of  directors  to  exercise  all  powers  of  the  board  excepting  those  of  electing  officers 
or  of  fixing  the  compensation  of  officers. 


Principal  general  officers. 


Title  of  general  officer. 

N ame  of  person  holding  office 
at  close  of  year. 

Office  address. 

Salary 

per 

annum. 

President 

Clarence  P.  King 

231  Fourteenth  Street  NW„ 
Washington,  D.  C. 

do 

$2,500 

1,300 

500 

200- 

300 

500 

350 

1,000 

0) 

300 

900 

1,000 

700 

270 

Vice  president 

W.  F.  Ham 

Assistant  to  president 

It.  W.  King 

do 

Chairman  of  the  executive 
committee. 

Assistant  secretary 

Clarence  F.  Norment 

Care  National  Bank  of  Washing- 
ton, Washington,  D.  C. 

231  Fourteenth  Street  NW., 
Washington,  D.C. 

do 

Wm.  L.  Clarke 

Secretary 

S.  R.  Bowen 

Treasurer 

C.  E.  Brown 

do 

General  attorney 

John  S.  Barbour 

do 

Comptroller 

W.  F.  Ham  

do.. 

Medical  officer 

L.  W.  Glazebrook  

do 

Engineer  of  ways  and  struc- 
tures. 

Superintendent  of  railways 

Superintendent  of  transporta- 
tion. 

Purchasing  agent 

C.  S.  Kimball 

do 

J.  H.  Stephens 

do 

J.  T.  Moffett 

do 

R.  W.  Crowell 

do 

1 See  above. 


Employees  other  than  officers. 


Class. 

1 

| Number 
of  em- 
j ployees. 

Average  wages. 

Maximum 

hours 

continuous 

service. 

Per 

month. 

Per  day. 

general  and  miscellaneous. 

Attorneys 

4 

$34. 79 

Chief  clerks 

1 

30.00 

8 

Clerks,  bookkeepers,  stenographers 

16 

74. 66 

8 

POWER. 

Substation  employees 

10 

$2.23 

9-12 

TRANSPORTATION. 

Division  superintendent  ..  

1 

130. 00 

Inspectors 

1 

100. 00 

Dispatchers  and  depot  clerks 

2 

3.00 

12 

Starters 

1 

2. 75 

12 

Conductors 

91 

(i) 

12 

Motormen 

88 

(!) 

12 

Switchmen,  flagmen,  yardmen 

8 

1.83 

10 

Road,  track  and  linemen 

60 

1. 77 

9-10 

Tube  cleaners 

3 

1.50 

9 

Instructors,  agents,  clerks,  etc 

3 

83.85 

8 

CAR  HOUSES  AND  SHOPS. 

Foremen  

4 

115. 25 

10 

Car  cleaners 

6 

1.61 

10 

Car-house  men. 

14 

2. 10 

10 

1 23$  to  27  cents  per  hour. 


Transportation  corporations  controlled  by  respondent:  None. 
Nontransportation  corporations  controlled  by  respondent:  None. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  79 


VOTING  POWERS  AND  ELECTIONS. 

1.  State  the  par  value  of  each  share  of  stock.  Common,  $50  per  share. 

2.  State  whether  or  not  each  share  of  stock  has  the  right  to  one  vote;  if  not,  give 
full  particulars  in  a footnote.  Yes. 

3.  Are  voting  rights  proportional  to  holdings?  Yes. 

4.  Are  voting  rights  attached  to  any  securities  other  than  stock?  None. 

5.  Has  any  class  or  issue  of  securities  any  special  privileges  in  the  election  of  direc- 
tors, trustees,  or  managers,  or  in  the  determination  of  corporate  action  by  any  method? 
None. 

6.  Give  the  date  of  the  latest  closing  of  the  stock  book  prior  to  the  actual  filing  of 
this  report,  and  state  the  purpose  of  such  closing.  December  29,  1916,  for  stock- 
holders’ meeting. 

7.  State  the  total  voting  power  of  all  security  holders  of  the  respondent  at  the  date 
of  such  closing,  if  within  one  year  of  the  date  of  such  filing;  if  not,  state  as  of  the  close 
of  the  year.  Thirty-five  thousand  votes,  as  of  December  29,  1916. 

8.  State  the  total  number  of  stockholders  of  record,  corresponding  to  the  answer 
to  inquiry  No.  7.  Eighty-five  stockholders. 

9.  Give  the  names  of  the  20  security  holders  of  the  respondent  who,  at  the  date  of 
the  latest  closing  of  the  stock  book  or  compilation  of  list  of  stockholders  of  the 
respondent  (if  within  one  year  prior  to  the  actual  filing  of  this  report)  had  the 
highest  voting  powers  in  the  respondent,  showing  for  each  his  address,  the  number 
of  votes  which  he  would  have  had  a right  to  cast  on  that  date  had  a meeting 
then  been  in  order,  and  the  classification  of  the  number  of  votes  to  which  he  was 
entitled,  with  respect  to  securities  held  by  him,  such  securities  being  classified  as 
common  stock,  second  preferred  stock,  first  preferred  stock,  and  other  securities, 
stating  in  a footnote  the  names  of  such  other  securities  (if  any).  If  any  such  holder 
held  in  trust,  give  (in  a footnote)  the  particulars  of  the  trust.  If  the  stock  book  was 
not  closed  or  the  list  of  stockholders  compiled  within  such  year,  show  such  20  security 
holders  as  of  the  close  of  the  year. 


Name  of  security  holder. 

Address  of  security  holder. 

Number  of 
votes  to 
which  secu- 
rity holder 
was  entitled. 

Number  o f 
votes,  classi- 
fied with  re- 
spect to  secu- 
rities on 
which  based, 
common 
stocks. 

John  Bauernschmidt 

Harford  and  Erdman  Avenue, 

86 

86 

Catholic  University  of  America 

Baltimore,  Md. 

Washington,  D.C 

32 

75 

32 

75 

Chas.  B.  Calvert  

405  Stoneleigh  Court,  Washington, 

Belle  Golden 

D.C. 

1201  M Street  NW.,  Washington, 

16 

16 

James  B.  Lackey 

D.C. 

220  West  Forty-second  Street,  New 

38 

38 

D.  W.  Magrath 

York  City. 

1336  Vermont  Avenue,  Washing- 

20 

20 

Lawrence  Mangan 

ton,  D.  C. 

1637  L Street  NW.,  Washington, 

20 

20 

Mrs.  Nannie  Clark  Smith 

DC 

4 Pittsfield  Street,  Cranford,  N.  J... 

33 

33 

R.  S.  Scammell 

313  Eleventh  Street  SW.,  Washing- 

40 

40 

Theodore  Schmeckebier 

ton,  D.  C. 

1620  West  Lexington  Street,  Balti- 

155 

155 

Paul  A.  Seeger 

more,  Md. 

Care  Drovers  & Mechanics  National 

184 

184 

Miss  Bessie  Oland  Sensner 

Bank,  Baltimore,  Md. 

1331  Kenyon  Street,  Washington, 

42 

42 

Townsend  Scott  & Son 

D C 

209  East  Fayette  Street,  Baltimore, 

34 

34 

United  States  Mortgage  & Trust  Co., 

Md. 

New  York  City 

26,427 

26,427 

trustee.1 

United  States  Mortgage  & Trust  Co. . . 

do 

4,950 

2,223 

4,950 

2,223 

Washington  Railway  & Electric  Co. . . 

Washington,  D.  C 

Phillip  H.  Hoffman 

Equitable  Building,  Baltimore,  Md.. 

25 

25 

Gustave  Lieblich 

609  Union  Trust  Building,  Balti- 

50 

50 

Mickael  Schloss *. 

more,  Md. 

500  West  Baltimore  Street,  Balti- 

50 

50 

Robert  Taylor  & Co 

more,  Md. 

50 

60 

1 Held  as  security  under  Washington  Railway  & Electric  Co.,  consolidated  mortgage. 


80 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


10.  State  the  total  number  of  votes  cast  at  the  latest  general  meeting  for  the  elec- 
tion of  directors  of  the  respondent.  Thirty-one  thousand  four  hundred  and  three 
votes  cast. 

11 . Give  the  date  and  place  of  such  meeting.  January  15,  1916,  Washington,  D.  C. 

CORPORATE  CONTROL  OVER  RESPONDENT. 

1.  Did  any  corporation  or  corporations,  transportation  or  other,  hold  control  over 
the  respondent  at  the  close  of  the  year?  Yes. 

If  control  was  so  held,  state: 

(a)  The  form  of  control,  whether  sole  or  joint.  Sole. 

(b)  The  name  of  the  controlling  corporation  or  corporations.  Washington  Railway 
& Electric  Co. 

(c)  The  manner  in  which  control  was  established.  Through  ownership  of  stock. 

(d)  The  extent  of  control.  96.07  per  cent. 

(e)  Whether  control  was  direct  or  indirect.  Direct. 

2.  Did  any  individual,  association,  or  corporation  hold  control,  as  trustee,  over 
the  respondent  at  the  close  of  the  year?  No. 

The  Washington  Railway  & Electric  Co.  is  the  equitable  owner  of  $1,681,150  out 
of  a total  of  $1,750,000  capital  stock  of  this  company  and  as  such,  through  its  board  of 
directors  may  direct  the  voting  of  such  stock  at  stockholders’  meetings  for  the 
election  of  directors  and  for  certain  other  corporate  purposes;  subject  however  to 
restrictions  contained  in  its  consolidated  mortgage,  under  which  most  if  not  all  of 
said  stock  is  pledged. 

This  corporation  is  managed  and  controlled  by  its  own  board  of  directors  and 
officers  and  is  therefore  not  under  the  control  of  the  Washington  Railway  & Electric 
Co.  (See  P.  P.  Car  Co.  v.  Mo.  Pac.,  150  U.  S.,  587.)  Limiting  therefore  the  sense  of 
the  word  “control”  to  a present  right  to  direct  the  vote  of  sufficient  stock  to  elect 
directors  of  its  selection,  the  schedules  above  have  been  filled  out. 

Guananties  and  suretyships:  None. 


Comparative  general  balance  sheet. 
ASSETS. 


Balance  at 
beginning  of 
year. 

Item. 

Balance 
at  close  of 
year. 

Net  change 
during  year 
(increase  in 
roman, 
decrease  in 
italic). 

$3,812, 172. 46 

INVESTMENTS. 

Road  and  equipment 

$3, 811, 808. 47 

$868. 99 

CURRENT  ASSETS. 

Cash 

69, 851. 75 
975.00 
5,649.36 

101,356.38 
275.00 
7, 467. 84 

31,504.63 
700.00 
1,818. 48 

Special  deposits 

Miscellaneous  accounts  receivable 

Total  current  assets 

UNADJUSTED  DEBITS. 

Rents  and  insurance  premiums  paid  in  advance 

Property  abandoned  chargeable  to  operating  expenses 

Other  unadjusted  debits 

76, 476. 11 

109,099.22 

32,623.11 

790.05 
4, 186. 73 

263.25 
3, 140.05 
53.33 

526.80 

1,046.68 

53.33 

Total  unadjusted  debits 

Grand  total 

4,976.78 

3, 456.63 

1,520. 15 

3,893,625.35 

3,924,364.32 

30, 738.97 

LIABILITIES. 


$1,750,000.00 


1,750,000.00 

89,909.02 


1,839,909.02 


Capital  stock. 


LONG-TERM  DEBT. 


Funded  debt  unmatured 

Nonnegotiable  debt  to  affiliated  companies:  Notes. 


$1, 750, 000. 00 


1,750,000.00 

89,909.02 


1,839,909.02 


Total  long-term  debt 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  81 


Comparative  general  balance  sheet — Continued. 


LIABILITIES— Continued. 


Balance  at 
beginning  of 
year. 

Item. 

Balance 
at  close  of 
year. 

Net  change 
during  year 
(increase  in 
roman, 
decrease  in 
italic). 

$10, 295. 31 
2,323.90 
31,291.07 
2,071.00 
36,458.30 

CURRENT  LIABILITIES. 

Loans  and  notes  payable 

$ 10,295.81 
1,320. 78 
27,864.30 
1,71.00 

Audited  accounts  and  wages  payable 

Miscellaneous  accounts  payable 

Matured  interest,  dividends,  and  rents  unpaid. 

Accrued  interest,  dividends,  and  rents  payable 

$3,644.68 
59, 155. 37 
1,600.00 
36,458.30 

82,439.58 

Total  current  liabilities 

100,858.35 

18,418.  77 

10,468.29 

10,758.05 

59,872.64 

UNADJUSTED  CREDITS. 

Tax  liability 

11,419. 69 
4,602. 42 
79,604.89 
690. 16 

951. 40 
6,155.63 
19, 732.25 
690. 16 

Operating  reserves 

Accrued  depreciation,  road  and  equipment 

Other  unadjusted  credits 

Total  unadjusted  credits 

CORPORATE  SURPLUS. 

Profit  and  loss,  debit  balance 

Grand  total 

81,098.98 

96,317. 16 

15,218. 18 

140, 177. 77 

137,279. 79 

2,897.98 

3,893,625.35 

3,924,364.32 

30, 738.97 

j Road  and  equipment. 


Account. 


Investment  in 
road  and 
equipment, 
Jan.  1,  1915,  to 
close  of 

preceding  year. 


I.  WAY  AND  STRUCTURES. 


Right  of  way 

Ties 

Rails,  rail  fastenings,  and  joints. 

Track  and  roadway  labor 

Poles  and  fixtures 


$500. 00 
65.79 
246. 47 
130.83 
14.70 


Underground  conduits 

Distribution  system 

Shops  and  carhouses 

Stations,  miscellaneous  buildings,  and  structures 
Other  expenditures,  way  and  structures 


95. 93 
97.30 


1.76 


Total  expenditures  for  way  and  structures*. 


152. 78 


Total  invest- 
ment in  road 
and  equipment 
during  the 
year. 

Total  invest- 
ment in  road 
and  equipment 
since  Dec.  31, 
1914. 

$500.00 

65. 79 

246. 47 

130. 83 

14.70 

$316. 86 

' 316.86 

95.93 

45.98 

143. 28 

95.71 

. 95.71 

1.76 

458. 55 

611.33 

n.  EQUIPMENT. 


Passenger  and  combination  cars 

Electric  equipment  of  cars 

Shop  equipment 

Total  expenditures  for  equipment 

m.  POWER. 

Substation  buildings 

Transmission  system 

Total  expenditures  for  power 

Grand  total 


279.07 

415.00 

50.00 

429. 37 
1,313.60 

708. 44 
898.60 
50.00 

744.07 

884.23 

140.16 

2, 249. 82 

61.69 

2,311,51 

631.32 

631.32 

2,881.14 

61.69 

2,942.83 

3, 777. 99 

363. 99 

3,414.00 

The  uniform  system  oi  accounts  for  electric  railway  corporations  in  accordance  with  which  books  of  this 
company  are  kept  does  not  provide  for  a separation  oi  investments  in  new  lines  and  extensions  and  invest- 
ments in  additions  and  betterments. 


H.  Doc.  2038,  64-2 6 


82  balance  sheets  public  UTILITIES  DISTRICT  OF  COLUMBIA. 


Respondent's  investment  in  road  and  equipment  at  close  of  year. 


Investment  to  Dec.  31,  1908 $3,  667,  537. 37 

Investment  from  Dec.  31,  1908,  to  Dec.  31,  1914 140,  857. 10 

Investment  since  Dec.  31,  1914 3, 414.  00 


Total  investment  in  road  and  equipment 3,  811,  808.  47 


Length  of  road  owned,  25.36  miles. 

Average  investment  per  mile  of  road,  exclusive  of  improvements  on  leased  lines, 
$150,307.91. 

Length  of  track  owned,  41.427  miles. 

Average  investment  per  mile  of  track,  $92,012.66. 

Memorandum  of  securities  included  in  investment  in  “Road  and  equipment”: 
None. 

Summary  of  securities  owned:  None. 

Sinking  funds:  None. 

Deposits  in  lieu  of  mortgaged  property  sold : None. 

Special  deposits  at  close  of  year:  Baltimore  Trust  Co.,  for  payment  of  coupons, 
$275.00. 

Miscellaneous  physical  property:  None. 

Investments  in  securities  of  noncarrier  companies  affiliated  with  respondent:  None. 
Investments  in  securities  of  carriers  affiliated  with  respondent:  None 
Investments  in  securities  of  nonaffiliated  companies:  None. 

Investment  advances  to  other  companies:  None. 

_ Securities  and  other  intangibles  owned  or  controlled  through  nonreporting  sub- 
sidiaries: None. 

Insurance  and  other  funds:  None. 

Discounts  and  premiums  on  securities  outstanding:  None. 

Property  abandoned  chargeable  to  operating  expenses. 


Description  of  property  abandoned. 

Date 

of 

aban- 

don- 

ment. 

Amount 
charged  to 
this  ac- 
count as  of 
time  of 
abandon- 
ment. 

Amount 
written  off 
to  operat- 
ing ex- 
penses 
prior  to 
beginning 
of  year. 

Amount 
written  off 
to  operat- 
ing ex- 
penses 
during 
year. 

Remain- 
der not 
yet  writ- 
ten off. 

Surface  tracks  on  North  Capitol  Street  between 
T and  VV  Streets 

1910 

$9, 473. 26 

$5,683. 95 

$947.33 

$2,841.98 

One  switch  and  curve  and  107.9  feet  of  straight 
track  on  Michigan  Avenue  between  Monroe 
Street  and  the  terminus  near  the  B.  & O. 
tracks',  Brookland 

1910 

993. 55 

596. 13 

99.35 

298.07 

Total : 

10,466. 81 

6,280. 08 

1,046. 68 

3,140.05 

Other  unadjusted  debits:  Minor  item,  one  in  number,  book  value  of  item 
of  year,  $53.33. 


Capital  stock. 


at  close 


Common  stock,  authorizations  closed  prior  to  present  year: 

Par  value  of  amount  authorized $1,  750,  000 

Par  value  of  total  amount  actually  issued  to  close  of  year 1,  750, 000 

Par  value  of  amount  actually  outstanding  at  close  of  year 1,  750, 000 

Stocks  actually  issued  prior  to  present  year — 

Par  value 1,750,000 

Cash  received  as  consideration  for  issue 642,  000 


Cash  value  of  other  property  acquired  as  consideration  for  issue . 1, 108,  000 


NOTES  AND  MEMORANDA  ON  CAPITAL  STOCKS. 


Note. — The  sum  of  $760  is  due  the  company  for  unpaid  subscription  to  capital  stock. 
Stock  sold  to  stockholders  at  par  (less  unpaid  subscription  to  capital  stock  now 
amounting  to  $760),  $642,000. 

Issued  to  Elkins  and  Widener  in  exchange  for  $10,000  bonds  of  the  Belt  Railway 
Co.,  $10,000. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  83 


Issued  in  part  payment  for  all  the  property  and  franchises  of  the  Maryland  & Wash- 
ington Railway  Co.  for  the  District  of  Columbia,  purchased  per  authority  contained 
in  act  of  Congress  approved  June  27,  1898,  $500,000. 

Issued  in  part  payment  for  corporate  property  and  franchises  of  the  Columbia  & 
Maryland  Railway,  which  includes  the  line  of  railway  extending  from  the  northeast 
outline  of  the  District  of  Columbia,  at  its  intersection  with  Rhode  Island  Avenue, 
through  the  town  of  Hyattsville,  to  the  town  of  Laurel,  in  the  State  of  Maryland, 
purchased  per  authority  contained  in  act  of  Congress  approved  June  27,  1898,  $598,000. 


Rates  and  dates  of  declaration  of  dividends  during  year  (in- 
cluding rate  per  cent  per  annum  and  dates  of  maturity  of 
interest  on  debenture  stock,  if  any). 

Amount  of 
dividends 
declared 
during  year. 

Amount  of 
dividends 
paid  during 
year. 

Amount  of 
dividends 
due  and  un- 
paid at  close 
of  year. 

2 per  cent  June  15, 1916 

$34,913 

34,913 

$34, 650 
34, 650 

$263 

2 per  cent  Dec.  21, 1916 

263 

Prior  dates 

799 





• 

Grand  total,  all  classes  of  stocks 

69,826 

69,300 

1 

1,325 

Particulars  of  obligations  in  support  of  which  stocks  are  pledged  and  of  stocks 
pledged  thereunder:  None. 

Purposes  of  open  authorizations  and  particulars  of  authorizations  closed  during 
the  year:  None. 

Stock  liability  for  conversion  of  securities  of  other  companies:  None. 

Summary  statement  of  unmatured  funded  debt. 


Equipment  obligations: 

Amount  actually  outstanding  at  close  of  year $1,  750,  000.  00 

Interest  liability  at  close  of  year  on  actually  outstanding  debt — 

Interest  matured  and  unpaid 275.  00 

Interest  accrued  not  due 36,  458.  30 

Interest  during  year  on  actually  outstanding  debt- 

interest  accrued 87,500.00 

Interest  paid 88,  200.  00 


SECURITY  FOR  UNMATURED  FUNDED  DEBT. 

First  mortgage  5 per  cent  (printed  copy  of  mortgage  previously  filed). 

Road  mortgaged,  City  & Suburban  Railway  of  Washington. 

Miles  of  road,  25.36. 

Miles  of  track,  41.427  (no  limitation  per  mile  of  road). 

Equipment,  securities,  income,  etc.,  mortgaged  or  pledged:  All  franchises  and 
property  of  the  City  & Suburban  Railway  of  Washington . 

Equipment  obligations:  None. 


XJnmatured  funded  debt  other  than  equipment  obligations. 


Name  and  character  of  obligation:  First  mortgage  bonds: 

Nominal  date  of  issue,  Aug.  1,  1898. 

Date  of  maturity,  Aug.  1,  1948. 

Interest  provisions — 

Rate  per  cent  per  annum,  5 per  cent. 

Dates  due,  February  and  August. 

Par  value  of  extent  of  indebtedness  authorized 

Par  value  of  evidences  of  debt — 

Actually  issued  to  close  of  year 

Evidences  of  debt  actually  issued  prior  to  present  year — 

Actually  outstanding  at  close  of  year 

Par  value  of  total  amount 

Cash  received  as  consideration  for  issue 

Cash  value  of  other  property  acquired  as  consideration  for  issue 

Cash  value  of  services  received  as  consideration  for  issue 

Bonds  sold  for  $237,500 


$1, 

1, 

1, 

1, 

■ 1, 


750, 

000. 

00 

750, 

000. 

00 

750, 

000. 

00 

750, 

000. 

00 

237, 

500. 

00 

500, 

000. 

op 

250, 

000. 

00 

84  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 

Bonds  issued  in  part  payment  for  the  property  and  franchises  of 
the  Maryland  & Washington  Ry.  Co.  of  the  District  of  Columbia, 
purchased  per  authority  given  by  act  of  Congress  approved  June 

27,  1898 $200,  000.  00 

Bonds  issued  in  part  payment  for  the  property  and  franchises  of 
the  Columbia  & Maryland  Ry.  Co.,  purchased  per  authority 

given  by  act  of  Congress  approved  June  27,  1898 100,  000. 00 

Bonds  issued  in  accordance  with  contract  dated  August  25,  1898, 
between  the  Baltimore  Security  & Trading  Co.  of  Baltimore 
and  the  City  & Suburban  Ry.  of  Washington.  Under  said  con- 
tract the  Baltimore  Security  & Trading  Co.  for  $1,200,000  bonds 
and  $200,000  in  cash  agreed  to  retire  the  bonds  of  the  Eckington 
& Soldiers’  Home  Ry.  Co.,  paying  principal  and  interest  due; 
make  deed  to  property,  carbarn,  etc.,  at  Thirteenth  and  D Streets 
NE.,  pay  floating  debt  of  the  Maryland  & Washington  Ry.  Co.; 
refund  one  month’s  interest  on  bonds  for  period  Aug.  1,  1898, 
to  Sept.  1,  1898,  construct,  reconstruct,  and  equip  the  lines  of 
railway  owned  by  the  City  & Suburban  Ry.  of  Washington, 

and  other  valuable  considerations. 1,  200,  000.  00 

Total  discount  on  actual  issues  of  prior  years 12,  500.  00 

Total  discounts  extinguished  to-  close  of  year  charged  to  construc- 
tion or  other  investment  account 12,  500.  00 

Amount  of  interest  accrued  during  year  charged  to  income 87,  500.  00 

Amount  of  interest  paid  during  year 88,  200.  00 

Interest  liability  at  close  of  year — 

Matured  and  unpaid 275.  00 

Accrued  not  yet  due 36,  458.  30 

Purposes  for  which  bonds  and  other  evidences  of  funded  debt  were  issued  or  assumed 
during  the  year:  None. 

Receiver’s  certificates:  None. 

Nonnegotiable  debt  to  affiliated  companies. 

Name  of  creditor  company:  Washington  Railway  & Electric  Co. 

Oct.  31,  1914,  demand,  6 per  cent,  total  amount  owing  at  beginning  of 

year $89,909.02 

Interest : 

Rate  per  annum,  6 per  cent. 

(No  interest  charged  to  cost  of  property). 

Dates  due,  demand. 

Amount  accrued  during  year 5,  394.  54 

Amount  paid  during  year 5,  394.  54 

Total  amount  owing  at  close  of  year 89,909.02 

Sundry  current  liabilities. 

MISCELLANEOUS  ACCOUNTS  PAYABLE. 

Credit  balance  at 
close  of  year. 

Washington  Railway  & Electric  Co $43,  796.  32 

Potomac  Electric  Power  Co 1 5,  359.  05 


Total 59,155.37 

Sundry  unadjusted  credits. 

OPERATING  RESERVES. 

Credit  balance  at 
close  of  year. 

Damage  reserves,  amount  set  aside  for  injuries  and  damages $4,  602.  42 

OTHER  UNADJUSTED  CREDITS. 


Minor  accounts,  2 in  number, 


690.  16 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  85 


Depreciation — Road,  equipment,  and  miscellaneous  physical  property. 

DEBIT  ITEMS. 


Retirement  of  electric  equipment  of  cars $1,  004.  23 

Balances  at  close  of  year,  accrued  depreciation,  road  and  equipment. . 79,  604.  89 


Total 80,  609.  12 


CREDIT  ITEMS. 

Balances  at  beginning  of  year,  accrued  depreciation,  road  and  equip- 
ment  59,872.64 

Passenger  and  combination  cars,  depreciation 5,  400.  00 

Service  equipment,  depreciation 630.  00 

Electric  equipment  of  cars,  depreciation 4, 169.  22 

Way  and  structures 9,  551.  20 

Power 986.  06 


Total * 80,609.12 


BASES  OF  DEPRECIATION  CHARGES. 

Depreciation  of  cars  and  car  equipment:  Basis,  3 per  cent  per  annum  on  the  basis  of 
the  following  arbitrary  values : 

A.  Passenger  and  combination  cars;  double-truck  suburban  cars,  $4,500  each. 

C.  Service  equipment,  $1,500  each. 

D.  Electric  equipment  of  cars,  $850  per  motor. 

Depreciation  of  way  and  structures:  Basis,  9 per  cent  of  revenue  from  transporta- 
tion. covering  maintenance,  renewals,  and  depreciation  balance  above  in  depreciation 
fund  represents  excess  of  amount  charged  expenses  over  actual  disbursements. 

Depreciation  of  power-plant  buildings  and  equipment:  Basis,  one-fourth  per  cent 
of  revenue  from  transportation  covering  maintenance,  renewals,  and  depreciation 
balance  above  in  depreciation  fund,  represents  excess  of  amount  charged  expenses 
over  actual  disbursements. 

Profit  and  loss  statement. 


Item. 

Debits. 

Credits. 

Credits: 

Credit  balance  at  beginning  of  fiscal  period 

$140, 177. 77 
67,829.02 

Credit  balance  transferred  from  income  account 

Debits: 

Dividend  appropriations  of  surplus 

$69, 826. 00 
901.00 

137.279. 79 

208.006. 79 

Miscellaneous  appropriations  of  surplus  (p.  314) 

Balance  carried  forward  to  balance  sheet 

Total 

208,006.79 

Dividends  declared  during  the  year. 


. Name  of  security  on  which 
dividend  was  declared. 

Rate  per  cent. 

Par  value 
of  amount 
on  which 
dividend 
was 

declared. 

Amount  of 
dividend. 

Date. 

Regular. 

Extra. 

Declared. 

Payable. 

Common  stock 

Per  cent. 
2 

2 

None 

None 

$1,745,650 

1,745,650 

$34,913 

34,913 

June  15,1916 
Dec.  21,1916 

June  30,1916 
Dec.  30,1916 

Do 

Total 

69,826 

Dividends  were  not  declared  on  stock  on  which  there  was  any  unpaid  subscription 
nor  on  stock  the  ownership  of  which  is  unknown. 

No  obligations  were  incurred  for  the  purpose  of  procuring  funds  for  the  payment 
of  dividends. 


86  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 

Income  statement  for  the  year. 


Item. 

Amount  ap- 
plicable to 
the  year. 

Comparison 
with  preced- 
ing year  (in- 
crease in  ro- 
man, decrease 
in  italic). 

I.  OPERATING  INCOME. 

Railway  operating  revenues 

$603, 208. 63 
408,432.73 

$19,014.79 
32, 720. 63 

Railway  operating  expenses 

Net  revenue,  railway  operations 

194, 775.90 

33,200. 61 

13,705.84 

1,447.76 

Taxes  assignable  to  railway  operations: 

On  real  and  personal  property $3, 863. 22 

On  earnings 19.221.16 

Miscellaneous 10, 116. 23 

Operating  income 

161,575. 29 

15, 153.60 

n.  NONOPERATING  INCOME. 

Income  from  unfunded  securities  and  accounts 

318. 58 

69.53 

Gross  income 

161,893.87 

15,084.07 

m.  DEDUCTIONS  FROM  GROSS  INCOME. 

Interest  on  funded  debt 

87,500.00 
6,012. 26 
552. 59 

.01 
126. 70 
364- 18 

Interest  on  unfunded  debt 

Miscellaneous  debits 

Total  deductions  from  gross  income 

94,064.85 

490.87 

Income  balance  transferred  to  profit  and  loss 

67, 829. 02 

14,693.20 

Railway  operating  revenues. 


Class  of  railway  operating  revenues. 

Amount  of 
revenue  for 
the  year. 

Comparison 
with  revenue 
of  preceding 
year  (in- 
crease in  ro- 
man, de- 
crease in 
italic). 

I.  REVENUE  FROM  TRANSPORTATION. 

Passenger  revenue  

$595,784.16 
256. 25 
62.22 

$22,063.77 
90. 75 
22.61 

Parlor  sleeping  dining,  and  special  car  revenue 

Mfl.il  rflvftniifl  

Total  revenue  from  transportation 

596, 102.63 

22,177.13 

n.  REVENUE  FROM  OTHER  RAILWAY  OPERATIONS. 

Station  and  car  privileges 

2,600.04 

225.06 
3,966.62 
567. 72 
11.50 

T?flpt  pf  trfl<V|rs  a.nri  fa.H1it.ifis  . . 

"Pont  nf oqippmfint  ............... 

3,594.42 

911.54 

Rent  of  buildings  and  other  property 

Total  revenue  from  other  railway  operations 

7,106.00 

3,162.34 

Totsl  operating  rnvfiTinfts  

603,208.63 

19,014.79 

Auxiliary  operations:  None. 
Miscellaneous  operations:  None. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  87 


Railway  operating  expenses. 


Name  of  railway  operating 
expense  account. 

Amount 

of 

operating 
expenses 
for  the 
year. 

Compari- 
son with 
expenses 
of  preced- 
ing year 
(increases 
in  roman, 
decreases 
in  italic). 

I.  WAY  AND  STRUCTURES. 

Superintendence  of  way 

and  structures 

$3,  744. 62 

$1, 556. 06 

Maintenance  of  track  and 

roadway 

28,359.05 

454. 88 

Other  maintenance  of  way.. 

565. 99 

69.37 

Poles  and  fixtures 

1,333.37 

653. 32 

Underground  conduits 

Distribution  system 

4, 782. 51 

116. 91 
1,064.73 

Miscellaneous  electric  line 

expenses 

72. 10 

11.45 

Buildings,  fixtures,  and 

grounds 

5, 001.70 

2, 564. 97 

Depreciation  of  way  and 

8, 933. 33 

structures 

9, 551. 20 

Total  way  and  struc- 

tures 

53, 410. 54 

3,  982. 10 

II.  EQUIPMENT. 

Superintendence  of  equip- 

ment   

1,466.31 

113.35 

Maintenance  of  cars 

19,447,82 

2, 593. 68 

Electric  equipment  of  cars. . 

9, 086. 55 

1, 146. 51 

Miscellaneous  equipment 

expenses 

3, 532. 06 

268. 88 

Depreciation  of  equipment. . 

1 10,358.59 

31.85 

Total  equipment 

43,891.33 

3, 863. 87 

III.  POWER. 

Superintendence  of  power . . 

655. 93 

133. 58 

Power  plant  buildings,  fix- 

tures, and  grounds .... 

60.03 

138. 67 

Substation  equipment 

291. 61 

258. 67 

Transmission  system 

152.55 

88.28 

Depreciation  of  power  plant 

buildings  and  equipment. 

986.06 

541.04 

Substation  employees 

4, 421.28 

800.56 

Substation  supplies  and  ex- 

penses  

220. 23 

55.33 

Power  purchased 

67,453.  68 

1, 900. 11 

Total  power 

74, 241. 37 

2, 834.34 

IV.  CONDUCTING  TRANSPOR- 

TATION. 

Superintendence  of  trans- 

portation   

10,308.30 

660. 49 

Passenger  conductors,  mo- 

tor men,  and  trainmen 

125, 803. 14 

12, 114. 02 

Miscellaneous  car-service 

employees  and  expenses . . 

9,015. 81 

2, 171. 74 

Station  employees  and  ex- 

penses  

267. 20 

100. 00 

Name  of  railway  operating 
expense  account. 


IV.  CONDUCTING  TRANSPOR- 
TATION— continued. 

Car  house  employees  and 

expenses 

Signal,  interlocking,  tele- 
phone, and  telegraph  sys- 
tems  

Other  transportation  ex- 
penses  

Total  conducting 
transportation 

y.  TRAFFIC. 

Traffic  expense 

VI.  GENERAL  AND  MISCEL- 
LANEOUS. 

Salaries  and  expenses  of 
general  officers  and  gen- 
eral office  clerks 

General  office  supplies  and 

expenses 

Law  expenses 

Relief  department  expenses . 

Pensions  and  gratuities 

Miscellaneous  general  ex- 
penses  

Valuation  expenses 

Injuries  and  damages 

Insurance 

Stationery  and  printing 

Store  expenses 

Garage  and  stable  expenses. 
Rent  of  equipment 

Total  general  and 
miscellaneous 

Grand  total  operating 
expenses 

RECAPITULATION. 

I.  Way  and  structures 

II.  Equipment 

III.  Power 

IV.  Conducting  transporta- 

tion  

V.  Traffic 

VI.  General  and  miscel- 
laneous   

Grand  total  operating 
expenses 


Amount 

of 

operating 
expenses 
for  the 
year. 

Compari- 
son with 
expenses 
of  preced- 
ing year 
(increases 
in  roman, 
decreases 
in  italic). 

$13, 506. 89 

$165. 34 

320. 61 

479. 02 

1,480.98 

225. 82 

160, 702. 93 

14,958.39 

660. 83 

7. 52 

13, 089. 52' 

1,934.57 

1,  688.  71 

292. 10 

1,332.57 

404. 53 

190. 39 

71.43 

136, 67 

116. 67 

2,  665. 54 

889.64 

2, 400. 00 

40 

20,  883. 07 

9, 404. 53 

585. 41 

1.29 

4,222.34 

469. 66 

1, 716. 99 

324. 50 

856. 79 

117.06 

25, 757. 73 

1,157. 67 

75,525.73 

15, 038. 61 

408,432.73 

32, 720. 63 

53, 410.  54 

3, 982. 10 

43,  891. 33 

3, 863. 87 

74, 241.37 

2,834.34 

160,  702. 93 

14,958.39 

75, 525.  73 

15, 038. 61 

660.83 

7.52 

408, 432. 73 

32,  720.  63 

Operating  ratio  (ratio  of  operating  expenses  to  operating  revenues)  67.71  per  cent. 
Income  from  lease  of  road:  None. 

Miscellaneous  rent  income:  None. 

Dividend  income:  None. 

Income  from  funded  securities:  None. 


88  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


INCOME  FROM  UNFUNDED  SECURITIES  AND  ACCOUNTS. 

Description  of  unfunded  security,  advance,  loan,  or  account  showing  characteris- 
tics of  such  security,  etc.,  and  name  of  the  debtor:  Interest  on  bank  deposits. 

Period  covered  by  interest:  January  1,  1916,  to  December  31,  1916. 

Income  derived  as  interest,  $318.58. 

Contributions  from  others:  None. 

Miscellaneous  income : None. 

Rent  for  leased  roads:  None. 

Abstracts  of  leasehold  contracts:  None. 

Miscellaneous  rents:  None. 

Interest  on  unfunded  debt  charged  to  income. 


Interest  on  nonnegotiable  debt  to  affiliated  companies $5,  394.  54 

Interest  on  loans  and  notes  payable 617. 72 


Total 6,012.26 

Income  transferred  to  other  companies:  None. 

Miscellaneous  debits. 

Minor  items  (2  in  number) $552.  59 

Commission  for  paying  interest  coupons 55.  33 

Income  taxes  levied  on  bondholders  and  assumed  by  the  company 497.  26 

Total 552.59 

Appropriations  of  surplus  to  sinking  fund  and  other  reserves:  None. 

Appropriations  of  surplus  for  investment  in  physical  property:  None. 

Miscellaneous  appropriations  of  surplus. — Amount  charged  to  profit  and  loss. 

Distribution  to  conductors  and  motormen  under  profit-sharing  plan $901 

Miscellaneous  items  in  profit  and  loss  account  for  the  year:  None. 

Road  operated  at  close  of  year. 


Class. 

Name  of  road  or 
track. 

Termini  between 
which  road  named 
extends. 

Miles  of 
road. 

Miles  of 
second 
main 
track. 

Miles  of 
sidings 
and 

turnouts. 

Miles  of 
track  in 
car  houses, 
shops, 
etc. 

Total. 

1A 

E ast  W ashington 

line. 

Fifteenth  and  G Streets 

2.635 

1.150 

0. 159 

3.94 

NW.  to  Thirteenth 
and  D Streets  NE. 

4A 

Main  line 

First  and  G Streets 

.761 

.646 

.194 

1.601 

to  Stanton  Square, 
return  Third  and 

Massachusetts 
Avenue  to  First  and 
G. 

IB 

Spur . . . 

Fifth  and  G Streets 

.063 

.063 

.042 

168 

NW.  to  Fifth  and  F 
NW. 

1A 

Maryland  line,  main 

Fifth  and  G Streets  to 

18.420 

8,973 

.415 

.679 

28.487 

line. 

Brookland  line: 

Laurel,  Md. 

1A 

Main  line 

3.576 

3.547 

.052 

7.175 

IB 

Spur 

.820 

.820 

.013 

1.653 

Total 

26.275 

15.199 

.875 

.679 

43. 028 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  89 

Miles  of  road  operated  at  close  of  year — by  States  and  Territories  ( single  track). 


State  or  Territory. 

Line  owned. 

Line 

operated 

under 

trackage 

rights. 

Total 

mileage 

operated. 

Branches 
Mainline.  and 
j spurs. 

District  of  Columbia 

20.950  1 1.821 

18.656  

1.601 

24.372 
18. 656 

Maryland 

Total  mileage  (single  track) 

39.606  | 1.821 

1.601 

43.028 

Road  owned  at  close  of  year — by  States  and  Territories:  None. 

Auxiliary  operations  carried  on  at  the  close  of  the  year:  None. 
Miscellaneous  physical  properties  operated  at  the  close  of  the  year:  None. 

Mileage  traffic,  and  miscellaneous  statistics. 


Item. 

Number  or 
amount. 

Item. 

Number  or 
amount. 

Passenger-car  mileage 

Passenger  car-hours 

2,250,009 
256, 164 

13,961,560 

Revenue  from  transportation  per 
car-mile 

$0.26493 

2.32704 

Regular  fare  passengers  carried 

Revenue  from  transportation  per 
car-hour 

Revenue  transfer  passengers  car- 
ried   

105, 775 

Total  revenue  from  other  railway 
operations 

7,106.00 

.00316 

.02774 

Total  revenue  passengers 

carried 

Free  transfer  passengers  carried. . . 

14,067,335 
3, 549,629 

Revenue  from  other  railway  oper- 
ations per  car-mile 

Revenue  from  other  railway  oper- 
ations per  car-hour 

Total  passengers  carried 

17,616,964 

Total  operating  revenues 

Operating  revenues  per  car-mile.. . 

603,208.63 

.26809 

Employees  and  others  carried  free. 

86,663 

Operating  revenues  per  car-hour.. 

2.35478 

Passenger  revenue 

$595, 784.16 

Total  operating  expenses 

Operating  expenses  per  car-mile. . . 

408,432.73 

. 18152 

Average  fare,  revenue  passengers. . 

.04235 

Operating  expenses  per  car-hour.. 

1.59441 

Average  fare,  all  passengers  (in- 
cluding transfer  passengers) 

Total  revenue  from  transportation . 

.03382 
596, 102. 63 

Accidents  to  persons. 


Item. 

Injured. 

Total. 

Passengers 

157 

157 

Employees 

29 

29 

Other  persons 

33 

33 

Total 

219 

219 

Employees. 


General  administration: 

General  officers 15 

General  office  clerks 17 

Maintenance  of  way  and  structures: 

Superintendents 3 

Other  employees 68 

Maintenance  of  equipment — Superintendents 2 

Power: 

Superintendents 1 

Other  employees 10 

Transportation : 

Superintendents 3 

Other  employees ' 208 


Total 327 


Aggregate  salaries  and  wages  paid  for  the  year. 


$193,  287.  01 


90  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTBICT  OF  COLUMBIA. 


Description  of  equipment . 


With  electric  equipment: 

Closed  passenger  cars 40 

Work  cars 1 

Snow  plows 1 

Sweepers 2 

Miscellaneous * 10 

Total  equipment  of  all  classes 54 


Statement  above  of  cars,  etc.,  is  a statement  of  cars  owned;  this  company  operates 
76  passenger  cars,  hiring  from  other  companies  those  in  excess  of  cars' owned. 

Important  changes  during  the  year. 

'Crossover  on  Massachusetts  Avenue,  east  side  of  Plaza  and  sidings  in  front  of  Mile. 


station,  omitted  from  last  report 0. 194 

Errors  in  0.  H.  and  U.  G.,  crossovers,  last  report 033 

Plus 161 


VERIFICATION. 

City  of  Washington, 

District  of  Columbia,  ss: 

William  F.  Ham  makes  oath  and  says  that  he  is  comptroller  of  City  & Suburban 
Railway  of  Washington,  that  it  is  his  duty  to  have  supervision  over  the  books  of 
account  of  the  respondent  and  to  control  the  manner  in  which  such  books  are  kept; 
that  he  knows  that  such  books  have,  during  the  period  covered  by  the  foregoing  report, 
been  kept  in  good  faith  in  accordance  with  the  accounting  and  other  orders  of  the 
Public  Utilities  Commission  effective  during  the  said  period;  that  he  has  carefully 
examined  the  said  report,  and  to  the  best  of  his  knowledge  and  belief  the  entries 
contained  in  the  said  report  have,  so  far  as  they  relate  to  matters  of  account,  been 
accurately  taken  from  the  said  books  of  account  and  are  in  exact  accordance  therewith; 
that  he  believes  that  all  other  statements  of  fact  contained  in  the  said  report  are  true, 
and  that  the  said  report  is  a correct  and  complete  statement  of  the  business  and  affairs 
of  the  above-named  respondent  during  the  period  of  time  from  and  including  January 
1,  1916,  to  and  including  December  31,  1916. 

Wm.  F.  Ham. 

Subscribed  and  sworn  to  before  me,  a notary  public  in  and  for  the  District  above 
named,  this  28th  day  of  February,  1917. 

[seal.]  J.  E.  Tenly. 

My  commission  expires  March  3,  1921. 

SUPPLEMENTAL  OATH. 

City  of  Washington, 

District  of  Columbia,  ss: 

Clarence  P.  King  makes  oath  and  says  that  he  is  president  of  City  & Suburban 
Railway  of  Washington,  that  he  has  carefully  examined  the  foregoing  report;  that 
he  believes  that  all  statements  of  fact  contained  in  the  said  report  are  true,  and  that 
the  said  report  is  a correct  and  complete  statement  of  the  business  and  affairs  of  the 
above-named  respondent  during  the  period  of  time  from  and  including  January  1, 
1916,  to  and  including  December  31,  1916. 

Clarence  P.  King. 

Subscribed  and  sworn  to  before  me,  a notary  public  in  and  for  the  District  above 
named,  this  28th  day  of  February,  1917. 

[seal.]  J.  E.  Tenly. 

My  commission  expires  March  3,  1921. 


GEORGETOWN  & TENNALLYTOWN  RAILWAY  CO. 


Name  of  officer  in  charge  of  correspondence  with  the  commission  regarding  this 
•eport:  William  F.  Ham,  comptroller,  231  Fourteenth  Street  N.  W.,  Washington,  D.  C. 

IDENTITY  OF  RESPONDENT. 

1.  Exact  name  of  company  making  this  report:  The  Georgetown  & Tennallytown 
Railway  Co.  of  the  District  of  Columbia. 

2.  Date  of  organization:  August  22,  1888. 

3.  Under  laws  of  what  Government,  State,  or  Territory  organized?  Under  act  of 
Congress  approved  August  22,  1888  (25  Stats.,  p.  446);  amended  March  24,  1890  (26 
Stats.,  p.  29);  July  14,  1892  (27  Stats.,  p.  155);  (Washington  Railway  & Electric  Co.) 
June  5,  1900. 

4.  If  a consolidated  or  a merging  company,  name  all  constituent  and  all  merged 
companies.  Not  a consolidated  or  merged  company. 

5.  Date  and  authority  for  each  consolidation  and  for  each  merger:  Not  a consoli- 
dated or  merged  company. 

6.  If  a reorganized  company,  give  name  of  original  corporation,  refer  to  laws  under 
which  it  was  organized,  and  state  the  occasion  for  the  reorganization.  Not  a reorgan- 
ized company. 

7.  State  whether  or  not  the  respondent  during  the  year  conducted  any  part  of  its 
business  under  a name  or  names  other  than  that  shown  in  response  to  inquiry  No.  1, 
above.  No. 

8.  Give  name  of  operating  company,  if  any,  having  control  of  the  respondent’s 
property.  Operates  its  own  railroad. 

Directors. 


Name  of  director. 


Milton  E.  Ailes 

Charles  J.  Bell 

Woodbury  Blair 

William  F.  Ram 

Clarence  P.  King 

Clarence  F.  Norment 

George  Truesdall 

William  Loeb,  jr 

Oscar  L.  Tubelman. . 


Office  address. 

Date  of  begin- 
ning of  term. 

Date  of  expi- 
ration of 
term. 

Riggs  National  Bank,  Washington, 
D.  C. 

Jan.  15,1916 

Jan.  20,1917 

American  Security  & Trust  Co., 
Washington,  D.  C. 

do 

Do. 

Hibbs  Building,  Washington,  D.  C. . . 

do 

Do. 

231  Fourteenth  Street  NW.,  Wash- 
ington, D.  C. 

do 

Do. 

(in  

do 

Do. 

National  Bank  of  Washington,  Wash- 
ington, D.  C. 

do 

Do. 

Lincoln  Avenue  and  R Street  NE., 
Washington,  D.  C. 

do 

Do. 

165  Broadway,  New  York  City 

do 

Do. 

120  Williams  Street,  New  York  City. . . 

do 

Do. 

Give  the  names  and  titles  of  all  officers  of  the  board  of  directors  in  control  of  the 
respondent  at  the  close  of  the  year.  Chairman  of  board,  Clarence  P.  King;  secretary 
of  board,  S.  R.  Bowen. 

Name  the  members  of  the  executive  committee  of  the  board  of  directors  of  the 
respondent  at  the  close  of  the  year  (naming  first  the  chairman),  and  state  briefly  the 
powers  and  duties  of  that  committee.  Clarence  F.  Norment  (chairman),  Clarence  P. 
King,  Chas.  J.  Bell,  Woodbury  Blair,  and  Milton  E.  Ailes.  Powersand  duties:  Imme- 
diate charge,  management,  and  control  of  business  of  company  subject  to  the  direction 
of  board  of  directors.  Full  powers  in  the  intervals  between  the  meetings  of  board  of 
directors  to  exercise  all  powers  of  the  board,  exception  those  of  electing  officers  or  of 
fixing  the  compensation  of  officers. 


91 


92  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 

Principal  general  officers. 


Title  of  general  officer. 

Name  of  person  hold- 
ing office  at  close  of 
year. 

Office  address. 

President 

Clarence  P.  King 

231  Fourteenth  Street  NW., 
Washington,  D.  C. 

Vice  President 

W.  F.  Ham 

Chairman  executive  committee . . . 
Medical  officer 

Clarence  F.  Norment.. 
L.  W.  Glazebrook 

National  Bank  of  Washington...! 
231  Fourteenth  Street  NW., 
Washington,  D.  C. 

Assistant  secretary 

Wm.  L.  Clarke 

Secretary 

S.  R.  Bowen 

do  . 

Treasurer 

C.  E.  Brown 

do... 

General  attorney 

John  S.  Barbour 

do 

Comptroller 

W.  F.  Ham 

do... 

Assistant  to  the  president 

R.  W.  King 

do. . 

Engineer  of  way  and  structures. . . 
Superintendent  of  railways 

C.  S.  Kimball 

do... 

J.  H.  Stephens 

do 

Superintendent  of  transportation . 
Purchasing  agent 

J.  T.  Moffett 

do 

R.  W.  Crowell 

do 

Salary  per 
annum. 


$375.00 

195.00 

30. 00 

45. 00 


45. 

75. 


150. 

0) 

75.00 

135. 00 

150.00 

105. 00 
40.50 


i See  above. 


Employees  other  than  officers. 


Class. 

Number 
of  em- 
ployees. 

Average  wages. 

Maxi- 

mum 

hours 

continu- 

ous 

service. 

Per 

month. 

Per  hour. 

j Per  day. 

GENERAL  AND  MISCELLANEOUS. 

Attorneys 

3 

$5. 29 

Chief  clerk 

1 

4. 50 

g 

Clerks,  bookkeepers,  stenographers 

2 

74. 66 

8 

TRANSPORTATION. 

Division  superintendent 

1 

120. 00 

Inspector 

1 

100. 00 

Dispatchers  and  depot  clerks 

2 

$3.00 

12 

Conductors 

9 

$0.23J-$0.27 

12 

Motormen 

11 

.23^-  .27 

12 

Switchmen,  flagmen,  yardmen 

4 

1.70 

10 

Road,  track,  and  line  men 

10 

1.76 

9-10 

CAR  HOUSES  AND  SHOPS. 



Foremen 

2 

3.00 

10 

Car  cleaners 

3 

1.61 

10 

Car-house  men 

6 

2. 10 

10 

Transportation  corporations  controlled  by  respondent:  None. 

Non  transportation  corporations  controlled  by  respondent:  None. 

Voting  powers  and  elections. 

1.  State  the  par  value  of  each  share  of  stock.  Common,  $50  per  share. 

2.  State  whether  or  not  each  share  of  stock  has  the  right  to  one  vote.  Yes. 

3.  Are  voting  rights  proportional  to  holdings?  Yes. 

4.  Are  voting  rights  attached  to  any  securities  other  than  stock?  No. 

5.  Has  any  class  or  issue  of  securities  any  special  privileges  in  the  election  of 
directors,  trustees,  or  managers,  or  in  the  determination  of  corporate  action  by  any 
method?  No. 

6.  Give  the  date  of  the  latest  closing  of  the  stock  book  prior  to  the  actual  filing 
of  this  report,  and  state  the  purpose  of  such  closing.  December  29,  1916;  stock- 
holders’ meeting. 

7.  State  the  total  voting  power  of  all  security  holders  of  the  respondent  at  the  date 
of  such  closing,  if  within  one  year  of  the  date  of  such  filing;  if  not,  state  as  of  the  close 
of  the  year.  Four  thousand  votes,  as  of  December  29,  1916. 

8.  State  the  total  number  of  stockholders  of  record,  corresponding  to  the  answer 
to  inquiry  No.  7.  Ninety  stockholders. 


8888 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  93 


. 9.  Give  the  names  of  the  20  security  holders  of  the  respondent  who,  at  the  date 
of  the  latest  closing  of  the  stock  book  or  compilation  of  list  of  stockholders  of  the 
respondent  (if  within  one  year  prior  to  the  actual  filing  of  this  report)  had  the 
highest  voting  powers  in  the  respondent,  showing  for  each  his  address,  the  number 
of  votes  which  he  would  have  had  a right  to  cast  on  that  date  had  a meeting 
then  been  in  order,  and  the  classification  of  the  number  of  votes  to  which  he  was 
f entitled  with  respect  to  securities  held  by  him,  such  securities  being  classified  as 
(Common  stock,  second  preferred  stock,  first  preferred  stock,  and  other  securities, 
(stating  in  a footnote  the  names  of  such  other  securities  (if  any).  If  any  such  holder 
held  in  trust,  give  (in  a footnote)  the  particulars  of  the  trust.  If  the  stock  book  was 
,not  closed  or  the  list  of  stockholders  compiled  within  such  year,  show  such  20  security 
( holders  as  of  the  close  of  the  year. 


Name  of  security  holder. 

Address  of  security  holder. 

Number  of 
votes  to 
which  se- 
curity holder 
was  entitled. 

Number  of 
votes,  classi- 
fied with 
respect  to 
securities  on 
which  based, 
common 
stocks. 

American  Security  & Trust  Co., 

Washington,  I>.  C 

28 

28 

trustee  Alexander  Mellvile  Memo- 
rial Fund.1 

25 

25 

Too  E Rjrph 

do 

Morv  A Thrift 

do 

29 

29 

A Upp  Corv  'Rnrdpt.tp 

do 

17 

17 

E T^nrdpffp 

do 

17 

17 

Sarah  F.  Garrison 

20 

20 

Mary  F.  Goldsbourgh 

Washington,  D.  C.,  care  American  Se- 
curity & Trust  Co. 

30 

30 

H C Harrison 

Washington,  D.  C 

15 

15 

Oprfrndp  TT  TTnhhiird 

.do 

20 

20 

Anna  G Hurst 

do i 

35 

35 

Mary  Millor 

do 

15 

15 

Jos  H Saville 

do 

75 

75 

TT  SVipp 

.do  

50 

50 

Geo.  M.  Sinclair 

Philadelphia,  Pa.,  Providence  Build- 

17 

17 

M.  A.  Sinclair 

1 mg. 

Care  G.  M.  Sinclair,  Philadelphia,  Pa. . 
231  Fourteenth  Street  NW.,  Washing- 

16 

16 

L.  E.  Sinclair 

17 

17 

Harrett  G.  Bell . 

ton,  D.  C. 

12 

12 

Virginia  Tayloi4 

Poughkeepsie,  N.  Y 

20 

20 

United  States  Mortgage  & Trust  Co., 

New  York,  N.  Y 

3, 133 

3, 133 

trustee.2 

110 

Washington  Railway  & Electric  Co. 

231  Fourteenth  Street  NW.,  Washing- 

110 

ton,  D.C. 

r 

1 Particulars  of  trust  unknown. 

2 Held  as  security  under  Washington  Railway  & Electric  Co.  consolidated  mortgage. 


10.  State  the  total  number  of  votes  cast  at  the  latest  general  meeting  for  the  election 
of  directors  of  the  respondent.  Three  thousand  one  hundred  and  thirty -nine  votes 

,cast. 

11.  Give  the  date  and  place  of  such  meeting.  January  15, 1916. 

CORPORATE  CONTROL  OVER  RESPONDENT. 

1.  Did  any  corporation  or  corporations,  transportation  or  other,  hold  control  over 
the  respondent  at  the  close  of  the  year?  Yes. 

If  control  was  so  held , state : 

(a)  The  form  of  control,  whether  sole  or  joint.  Sole. 

(b)  The  name  of  the  controlling  corporation  or  corporations.  Washington  Railway 
& Electric  Co. 

(c)  The  manner  in  which  control  was  established.  Through  ownership  of  stock. 

( d ) The  extent  of  control.  Eighty -one  per  cent. 

(e)  Whether  control  was  direct  or  indirect.  Direct. 

2.  Did  any  individual,  association,  or  corporation  hold  control,  as  trustee,  over  the 
respondent  at  the  close  of  the  year?  No.  The  Washington  Railway  & Electric  Co. 
is  the  equitable  owner  of  $162,700  out  of  $200,000  capital  stock  of  this  company,  and 
as  such,  through  its  board  of  directors,  may  direct  the  voting  of  such  stocks  at  stock- 
holders’ meetings  for  the  election  of  directors  and  for  certain  other  corporate  purposes, 
subject,  however,  to  restrictions  contained  in  its  consolidated  mortgage  under  which 
most,  if  not  all,  of  said  stock  is  pledged. 


94  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 

This  corporation  is  managed  and  controlled  bv  its  own  board  of  directors  and  officers 
and  is  therefore  not  under  the  control  of  the  Washington  Railway  & Electric  Co.  (see 
P.  P.  Car  Co.  v.  Mo.  Pac.,150  U.  S.,  587),  limiting,  therefore,  the  sense  of  the  word 
'control  ” to  a present  right  to  direct  the  vote  of  sufficient  stock  to  elect  directors  of 
its  selection.  The  schedules  above  have  been  filled  out. 

Guaranties  and  suretyships:  None. 

Comparative  general  balance  sheet. 

ASSETS. 

Balance  at 
beginning  of 
year. 

Item. 

j 

Balance  at  close 
of  year. 

Net  change 
during  year 
i (increase 
in  roman, 
decrease 
in  italic.); 

$386, 873.85 

INVESTMENTS. 

Road  and  equipment 

$385, 715.45 

$1,158. 40 

CURRENT  ASSETS. 

Cash 

11, 846. 45 
6, 663. 90 

3,680.99 

3,672.11 

8,165.46 

2,991.79 

Miscellaneous  accounts  receivable 

Total  current  assets 

18,510.35 

7,353.10 

11,157.25 

UNADJUSTED  DEBITS. 

Rents  and  insurance  premiums  paid  in  advance. . . 

19.56 
2, 048. 48 

6.60 

12.96 

2,048.48 

Other  unadjusted  debits 

2,068.04 

Total  unadjusted  debits 

6. 60 

2,061.44 

407, 452. 24 

Grand  total 

393, 075. 15 

14, 377.09 

LIABILITIES. 

$200, 000. 00 

172,266.48 

STOCK. 

Capital  stock 

$200, 000. 00 

172,266.48 

LONG-TERM  DEBT. 

Nonnegotiable  debt  to  affiliated  companies,  notes 

860. 94 
50, 380. 15 
80,100. 00 
100, 000. 00 

CURRENT  LIABILITIES. 

Audited  accounts  and  wages  pavable 

958. 49 
46,614.43 
80, 100. 00 
100,000.00 

$97.55 

3, 765.72 

Miscellaneous  accounts  payable 

Matured  interest,  dividends,  and  rents  unpaid 

Matured  funded  debt  unpaid 

Total  current  liabilities 

231,341.09 

227,672.92 

3, 668. 17 

UNADJUSTED  CREDITS. 

Tax  liability 

1,610. 46 

279.00 

1,  749.06 

1,575.42 
1,732. 44 
352.50 
1,905.79 

% 

35.04 

1,  732. 44 
73.50 
156. 73 

Operating  reserves 

Accrued  depreciation,  road  and  equipment 

Other  unadjusted  credits 

Total  unadjusted  credits 

3,638.52 

5,566.15 

1,927.63 

CORPORATE  SURPLUS. 

Profit  and  loss * 

199,793.85 

212, 430. 40 

12,636.55 

Grand  total 

407, 452.  24 

393, 075.15 

14,377.09 

• 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  95 


Road  and  equipment. 


Account. 

Investment  in 
road  and 
equipment 
Jan.  1,  1915,  to 
close  of  preced- 
ing year. 

Total  invest- 
ment in  road 
and  equipment 
during  the  year. 

Total  in- 
vestment 
in  road  and 
equipment 
since  Dec. 
31,  1914. 

I.  WAY  AND  STRUCTURES. 

Engineering  and  superintendence 

$36.00 

36.41 

$36.00 
36.41 
413. 82 
750.00 
210.98 
4,418.92 
49.87 
18,949.01 

Grading 

Rails,  rail  fastenings,  and  joints 

$. 413.82 

Special  work 

750.00 
104-80 

150.00 
12.00 
22.99 

Track  and  roadway  labor 

Paving 

106. 18 
4,568. 92 
37.87 
18,972.00 

Distribution  svstem 

Shops  and  carhouses 

Total  expenditures  for  way  and  structures 

II.  EQUIPMENT. 

Service  equipment 

14,960.95 

993.40 

15,954.35 

165.00 

165.00 

Grand  total 

14,960.95 

1,158.40 

16,119.35 

The  uniform  system  of  accounts  for  electric  railways  corporations,  in  accordance  with  which  books  of 
this  company  are  kept,  does  not  provide  for  a separation  of  investment  in  new  lines  and  extensions  and 
investments  in  additions  and  betterment. 

Respondent's  investment  in  road  and  equipment  at  dose  of  year 


Investment  to  Dec.  31,  1908 ; $441,  711.  06 

Investment  from  Dec.  31,  1908,  to  Dec.  31,  1914 39, 876.  26 

Investment  since  Dec.  31,  1914 16, 119.  35 


Total  investment  in  road  and  equipment 385,  715.  45 

Length  of  road  owned,  4.309  miles. 


Average  investment  per  mile  of  road,  exclusive  of  improvements  on  leased  lines, 
$89,513.91. 

Length  of  track  owned,  8.514  miles. 

Average  investment  per  mile  of  track,  $45,303.67. 

Securities  included  in  investment  in  “Road  and  equipment:”  None. 

Summary  of  securities  owned:  None. 

Sinking  funds : None. 

Deposits  in  lieu  of  mortgaged  property  sold:  None. 

Miscellaneous  physical  property:  None. 

Special  deposits:  None. 

Investments  in  securities  of  noncarrier  companies  affiliated  with  respondent:  None. 
Investments  in  securities  of  carriers  affiliated  with  respondent:  None. 

Investments  in  securities  of  nonaffiliated  companies:  None. 

Investment  advances  to  other  companies:  None. 

_ Securities  and  other  intangibles  owned  or  controlled  through  nonreporting  sub- 
sidiaries: None. 

Insurance  and  other  funds:  None. 

Discounts  and  premiums  on  securities  outstanding:  None. 

Property  abandoned  chargeable  to  operating  expenses:  None. 

Other  unadjusted  debits:  None. 


Capital  stock. 


Common  stock,  authorizations  closed  prior  to  present  year: 

Par  value  of  amount  authorized $200,  000 

Par  value  of  total  amount  actually  issued  to  close  of  year 200,  000 

Par  value  of  amount  actually  outstanding  at  close  of  year 200,  000 

Stocks  actually  issued  prior  to  present  year — 

Par  value 200,  000 

Cash  received  as  consideration  for  issue 200,  000 


Receipts  outstanding  at  the  close  of  the  year  for  installments  received  on  sub- 
scriptions for  stocks : None. 


96  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA, 


Obligations  in  support  of  which  stocks  are  pledged  and  of  stocks  pledged  thereunder: 
None. 

Purposes  of  open  authorizations  and  particulars  of  authorizations  closed  during 
the  year:  None. 

Stock  liability  for  conversion  of  securities  of  other  companies:  None. 

Summary  statement  of  unmatured  funded  debt:  None. 

Security  for  unmatured  funded  debt:  None. 

Equipment  obligations : None. 

Unmatured  funded  debt  other  than  equipment  obligations:  None. 

Purposes  for  which  bonds  and  other  evidences  of  funded  debt  were  issued  or  assumed 
during  the  year:  None. 

Receiver’s  certificates:  None. 

Nonnegotiable  debt  to  affiliated  companies. 


Name  of  creditor  company. 

Total 
amount 
owing  at 
beginning 
of  year. 

Interest. 

Total 
amount 
owing  at 
close 
of  year. 

Rate  per 
annum. 

Dates  due. 

Amount 

accrued 

during 

year. 

Amount 

paid 

during 

year. 

Washington  Ry.  & Electric  Co., 

$109,000 

Washington  Ry.  & Electric  Co., 
$63,266.48 

$109, 000.  00 

63, 266. 48 

Per  cent. 
6 

On  demand 

...do 

$6;  540. 00 

None. 

$6, 540. 00 

None. 

$109, 000.00 

63, 266. 48 

Total 

172,  266.  48 

6, 540. 00 

6, 540. 00 

172, 266. 48 

No  interest  charged  to  cost  of  property. 

Sundry  current  liabilities. 


Name  of  creditor  or  of  obligation. 

Character  of  liability  or  of  transactions 
involved. 

Credit  bal- 
ance at 
close  of 
year. 

MISCELLANEOUS  ACCOUNTS  PAYABLE. 

Potomac  Electric  Power  Co 

$44. 06 
5, 042. 24 
41, 528. 13 

City  & Suburban  Rv.  of  Washington 

Washington  Ry.  & Electric  Co 

Total 

46,614.  43 

MATURED  FUNDED  DEBT  UNPAID. 

First  mortgage  6 per  cent  bonds 

Unable  to  liquidate  debt  when  due  Feb.  1, 
1904. 

do 

70. 000.  00 

30.000. 00 

Senond  mortgage  6 per  cent  bonds 

Total  

100,000.00 

Sundry  unadjusted  credits. 


Name  of  subaccount. 

Character  of  subaccount. 

Credit  bal- 
ance at 
close  of 
year. 

OPERATING  RESERVES. 

Damage  reserves 

Amount  set  aside  for  injuries  and  damages . . . 

$1, 732. 44 

OTHER  UNADJUSTED  CREDITS. 

Commutation  ticket  sales  

Unredeemed  tickets 

1, 905. 79 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  97 


Depreciation — Road,  equipment,  and  miscellaneous  physical  property.  • 

DEBIT  ITEMS. 

Balances  at  close  of  year,  accrued  depreciation,  road  and  equipment $352.  50 

CREDIT  ITEMS. 


Balances  at  beginning  of  year,  accrued  depreciation,  road  and  equipment... 

Service  equipment,  depreciation 

Electric  equipment  of  cars,  depreciation 


279.00 

22.50 

51.00 


Total 


352. 50 


BASES  OF  DEPRECIATION  CHARGES. 

Depreciation  of  cars  and  car  equipment:  Basis,  3 per  cent  per  annum  on  the  basis 
of  the  following  arbitrary  values: 

C.  Service  equipment,  $1,500  each. 

D.  Electric  equipment  of  cars,  $850  per  motor. 

Depreciation  of  way  and  structures:  Basis,  9 per  cent  of  revenue  from  transpor- 
tation, covering  maintenance,  renewals,  and  depreciation.  This  amount  being  less 
than  actual  disbursements  for  such  purposes,  no  balance  was  created  in  the  fund  for 
accrued  depreciation  of  way  and  structures. 

Profit  and  loss  statement. 


Item. 

Debits. 

Credits. 

Debits: 

Debit  balance  at  beginning  of  fiscal  period 

$199, 793. 85 
12,  449.  05 
161.  25 
26.25 

Debit  balance  transferred  from  income  account 

Miscellaneous  appropriations  of  surplus 

Loss  on  road  and  equipment  retired 

Balance  carried  forward  to  balance  sheet 

212, 430. 40 

212, 430. 40 

Total 

212, 430.  40 

Dividends  declared  during  the  year:  None. 

Income  statement  for  the  year. 


Item. 


I.  OPERATING  INCOME. 

Railway  operating  revenues 

Railway  operating  expenses 

Net  revenue,  railway  operations 

Taxes  assignable  to  railway  operations: 

On  real  and  personal  property 

On  earnings 

Miscellaneous 


Operating  income 


n.  NONOPERATING  INCOME. 

Income  from  unfunded  securities  and  accounts 

Gross  income 


Amount 
applicable 
to  the  year. 

Comparison 
with  preced- 
ing year 
(increase  in 
roman, 
decrease  in 
italic). 

$72,501.98 
68, 797. 15 

$136. 50 
4,537.62 

3,704.83 

4,401.12 

3,883.22 

23.80 

178.39 

4,377.32 

269.34 

85.60 

90.95 

4,291.72 

H.  Doc.  2038,  64-2 7 


98  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA, 


Income  statement  for  the  year — Continued. 


Item. 

Amount 
applicable 
to  the  year. 

Comparison 
with  preced- 
ing year 
(increase  in 
roman, 
decrease  in 
italic). 

in.  DEDUCTIONS  FROM  GROSS  INCOME. 

Miscellaneous  rents 

* 766.50 
6,000.00 
6,000.00 

Interest  on  funded  debt 

Interest  on  unfunded  debt 

i $12, 540. 00 

, Total  deductions  from  gross  income 

12,540.00 

766.50 

Income  balance  transferred  to  profit  and  loss 

12, 449. 05  3,525.22 

1 Up  to  Jan.  1, 1916,  interest  on  matured  funded  debt  was  treated  as  interest  on  funded  debt.  Subsequent 
to  that  date  interest  has  been  treated  as  interest  on  unfunded  debt. 

Railway  operating  revenues. 


Class  of  railway  operating  revenues. 

Amount  of 
revenue  for 
the  year. 

Comparison 
with  revenue 
of  preced- 
ing year 
(increases  in 
roman, 
decreases  in 
italic). 

I.  REVENUE  FROM  TRANSPORTATION. 

Passangpr  revenue _ _ 

$71,574.08 
190. 73 
194. 80 

$ 31.59 
134.73 

Parlor,  sleeping,  dining,  and  special  car  revenue 

Mail  revenue 

Total  revenue  from  transportation 

71,959.61 

103. 14 

n.  REVENUE  FROM  OTHER  RAILWAY  OPERATIONS. 

Station  and  car  privileges 

390.00 

152.37 

33.75 

.39 

Rent  of  tracks  and  facilities 

Total  revenue  from  other  railway  operations 

542.37 

33.36 

Total  operating  revenues 

72,501.98 

136.50 

Auxiliary  operations:  None. 
Miscellaneous  operations:  None. 


Railway  operating  expenses. 


Name  of  railway  operating  expense  account. 

Amount  of 
operating 
expenses 
for  the  year. 

Comparison 
with  ex- 
penses of 
preceding 
year 

(increases 
in  roman, 
decreases 
in  italic). 

I.  WAY  AND  STRUCTURES. 

Superintendence  of  way  and  structures 

$588. 28 
7, 179. 47 
1,434.68 
279. 61 

$267.63 

1,117.66 

158.26 

61.07 

Mn.intpxmrip.ft  of  way  _ 

Maintenance  of  electric  lines 

Suildings,  fixtures,  and  grounds  

Total  wav  and  structures 

9,482.04 

947.22 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  99 


Railway  operating  expenses — Continued. 


Name  of  railway  operating  expense  account. 

Amount  of 
operating 
expenses 
for  the  year. 

Comparison 
with  ex- 
penses of 
preceding 
year 

(increases 
in  roman,, 
decreases 
in  italic). 

II.  EQUIPMENT. 

Superintendence  of  equipment 

$219.96 
2.018. 82 
1, 499. 80 
531.  23 
182. 25 

$ 16.97 
210.  SO 
428.05 
36.63 
3.75 

4,452.06 

622.44 

III.  POWER. 

10, 469. 16 

379. 77 

IV.  CONDUCTING  TRANSPORTATION. 

Superintendence  of  transportation 

2, 175. 46 
16,871.33 
6,809.92 

225.  29 
1,209.89 
897. 22 

Conductors,  motormen,  and  trainmen 

Miscellaneous  transportation  expenses 

Total  conducting  transportation 

25,856.71 

2,332. 49 

V.  TRAFFIC. 

Traffic  expenses 

18. 12 

1.19 

VI.  GENERAL  AND  MISCELLANEOUS. 

General  expenses 

2, 916. 24 
360. 00 
6, 597. 97 
21.14 
703. 68 
386. 13 
7, 533.90 

550. 27 
.07 
3,723.71 
.07 
108. 39 
66.34 
78. 38 

V aluation  expenses 

Injuries  and  damages 

Insurance 

Stationery  and  printing 

Store,  garage,  and  stable  expenses 

Rent  of  equipment _ 

Total  general  and  miscellaneous 

18, 519. 06 

4, 153.  55 

RECAPITULATION  OF  EXPENSES. 

I.  Way  and  structures 

9,482.04 
4,452. 06 
10,469. 16 
25,856.  71 
18.12 
18,519.06 

947.22 
622.44 
379. 77 
2,332. 40 
1.10 
4,153.55. 

II.  Equipment 

III.  Power 

IV.  Conducting  transportation 

V.  Traffic 

VI.  General  and  miscellaneous 

Grand  total  operating  expenses 

68,797. 15 

4,537. 62 

Operating  ratio  (ratio  of  operating  expenses  to  operating  revenues),  94.89  per  cent. 
Income  from  lease  of  road : None. 

Abstract  of  terms  and  conditions  of  leases:  None. 

Miscellaneous  rent  income:  None. 

Dividend  income : None. 

Income  from  funded  securities:  None. 

INCOME  FROM  UNFUNDED  SECURITIES  .AND  ACCOUNTS. 

Description  of  unfunded  security,  advance,  loan,  or  account  showing  character- 
istics of  such  security,  etc.,  and  name  of  the  debtor:  Interest  on  bank  deposits. 

Period  covered  by  interest:  January  1,  1916,  to  December  31,  1916. 

Income  derived  as  interest,  $269.34. 

Contributions  from  others:  None. 

Miscellaneous  income : None. 

Rent  for  leased  roads:  None. 

Abstracts  of  leasehold  contracts:  None. 

Miscellaneous  rents:  None. 


100  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTBICT  OF  COLUMBIA. 


Interest  on  unfunded  debt — Amount  of  interest  charged  to  income. 


Interest  on  nonnegotiable  debt  to  affiliated  companies $6,  540.  00 

Interest  on  matured  funded  debt  unpaid 6,  000.  00 

Total 12,540.00 


Income  transferred  to  other  companies:  None. 

Miscellaneous  debits:  None. 

Appropriations  of  surplus  to  sinking  fund  and  other  reserves:  None. 

Appropriations  of  surplus  for  investment  in  physical  property:  None. 

Miscellaneous  appropriations  of  surplus — Amount  charged  to  profit  and  loss. 

Distribution  to  conductors  and  motormen  under  profit-sharing  plan $161.  25 

Miscellaneous  items  in  profit  and  loss  account  for  the  year. 

DEBITS. 


Subaccount  No.  315.  Minor  item  (1  in  number) $26.  25 

Road  operated  at  close  of  year. 

Class  la.  The  Georgetown  & Tennallytown  Ry.  Co.,  Thirty-second  and  M 
Streets  NW.,  to  District  line  and  Wisconsin  Avenue: 


Miles  of  road 4.  309 

Miles  of  second  main  track 4. 173 

Miles  of  sidings  and  turnouts 032 


Total 8.514 


Miles  of  road  operated  at  close  of  year — by  States  and  Territories  ( single  track). 
District  of  Columbia: 

Line  owned,  main  line 8.  514 

Total  mileage  operated ' 8.  514 

Road  owned  at  close  of  year — by  States  and  Territories:  None. 

Auxiliary  operations  carried  on  at  the  close  of  the  year:  None. 

Miscellaneous  physical  properties  operated  at  the  close  of  the  year:  None. 

Mileage,  traffic , and  miscellaneous  statistics. 


Item. 

Number  or 
amount. 

Item. 

Number  or 
amount. 

Passenger-car  mileage 

Passenger  car-hours 

344,219 

31, 140| 

1,669,447 

787,058 

2,456.505 

10, 190 

$71,574.08 
. .04287 

.02914 

71,959.61 

.20905 

Revenue  from  transportation  per 
car-hour 

$2.31080 

542.37 

.00158 

.01742 
72,501.98 
.21063 
2.32822 
68,797.15 
. 19986 
2.20925 

Regular  fare  passengers  carried 

Free  transfer  passengers  carried 

Total  passengers  carried 

Employees  and  others  carried  free. . . 

Passenger  revenue 

Average  fare,  revenue  passengers 

Average  fare,  all  passengers  (includ- 
ing transfer  passengers) 

Total  revenue  from  transportation . . 
Revenue  from  transportation  per 
car-mile 

Total  revenue  from  other  railway 

operations 

Revenue  from  other  railway  opera- 
tions per  car-mile 

Revenue  from  other  railway  opera- 
tions per  car-hour , , 

Total  operating  revenues 

Operating  revenues  per  car-mile 

Operating  revenues  per  car-hour 

Total  operating  expenses 

Operating  expenses  per  car-mile 

Operating  expenses  per  car-hour 

Injuries  to  persons. 


Passengers 12 

•Employees 5 

Other  persons 7 

Total 24 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  101 


Employees. 

General  administration: 

General  officers 14 

General  office  clerks 2 

Maintenance  of  way  and  structures: 

Superintendents 1 

Other  employees 13 

Maintenance  of  equipment  superintendent 1 

Transportation: 

Superintendents 2 

Other  employees 34 

Total 67 


Aggregate  salaries  and  wages  paid  for  the  year,  $35,185.27. 

Description  of  equipment:  Sweepers,  without  electric  equipment,  2. 

This  company  owns  no  passenger  cars,  It  operates  15  cars,  hiring  them  from  other 
companies. 

Contracts,  agreements,  etc.:  None. 

IMPORTANT  CHANGES  DURING  THE  YEAR. 

All  decreases  of  mileage:  Barn  curves  at  old  barn  removed,  Thirty-seventh  Street 
and  Wisconsin  Avenue  NW.,  0.046  mile. 

VERIFICATION. 

City  of  Washington, 

District  of  Columbia , ss: 

William  F.  Ham  makes  oath  and  says  that  he  is  comptroller  of  the  Georgetown  & 
Tennallytown  Railway  Co ; that  it  is  his  duty  to  have  supervision  over  the  books  of 
account  of  the  respondent  and  to  control  the  manner  in  which  such  books  are  kept; 
that  he  knows  that  such  books  have,  during  the  period  covered  by  the  foregoing 
report,  been  kept  in  good  faith  in  accordance  with  the  accounting  and  other  orders 
of  the  Public  Utilities  Commission  effective  during  the  said  period;  that  he  has  care- 
fully examined  the  said  report,  and  to  the  best  of  his  knowledge  and  belief  the  entries 
contained  in  the  said  report  have,  so  far  as  they  relate  to  matters  of  account,  been 
accurately  taken  from  the  said  books  of  account  and  are  in  exact  accordance  there- 
with; that  he  believes  that  all  other  statements  of  fact  contained  in  the  said  report 
are  true,  and  that  the  said  report  is  a correct  and  complete  statement  of  the  business 
and  affairs  of  the  above-named  respondent  during  the  period  of  time  from  and  including 
January  1,  1916,  to  and  including  December  31,  1916. 

Wm.  F.  Ham. 

Subscribed  and  sworn  to  before  me,  a notary  public,  in  and  for  the  District  above 
named,  this  28th  day  of  February,  1917. 

[seal.]  J.  E.  Tenly. 

My  commission  expires  March  3,  1921. 

SUPPLEMENTAL  OATH. 

City  of  Washington, 

District  of  Columbia , ss: 

Clarence  P.  King  makes  oath  and  says  that  he  is  president  of  the  Georgetown  & 
Tennallytown  Railway  Co.;  that  he  has  carefully  examined  the  foregoing  report; 
that  he  believes  that  all  statements  of  fact  contained  in  the  said  report  are  true,  and 
that  the  said  report  is  a correct  and  complete  statement  of  the  business  and  affairs  of 
the  above-named  respondent  during  the  period  of  time  from  and  including  January  1, 
1916,  to  and  including  December  31,  1916. 

Clarence  P.  King. 

Subscribed  and  sworn  to  before  me,  a notary  public,  in  and  for  the  District  above 
named,  this  28th  day  of  February,  1917. 

[seal.] 

My  commission  expires  March  3,  1921. 


J.  E.  Tenly. 


POTOMAC  ELECTRIC  POWER  CO. 


HISTORY. 

1.  Exact  name  of  company  making  this  report:  Potomac  Electric  Power  Co. 

2.  Date  of  organization:  April  28,  1896. 

3.  Under  laws  of  what  Government,  State,  or  Territory  organized?  Organized  under 
general  incorporation  laws  of  District  of  Columbia,  articles  of  incorporation  amended 
June  29,  1898,  August  29,  1902,  August  13,  1904,  April  27,  1912. 

4.  If  a consolidated  company,  name  the  constituent  companies.  In  the  nature  of 
a consolidated  company.  Heisler  Electric  Co.;  conditions  of  incorporation  not 
known.  United  States  Electric  Lighting  Co.,  incorporated  under  laws  of  the  State  of 
West  Virginia  October  17, 1882;  amended  January  8, 1890,  and  April  20, 1891.  Brush- 
Swan  Electric  Co.,  incorporated  under  laws  of  the  District  of  Columbia  July  5,  1884. 
Potomac  Electric  Co.,  incorporated  under  laws  of  the  District  of  Columbia  April  18, 
1891.  Potomac  Light  & Power  Co.,  incorporated  under  laws  of  the  District  of  Colum- 
bia November  3,  1894.  Potomac  Light  & Power  Co.,  incorporated  under  laws  of  the 
State  of  Virginia  January  20,  1896. 

5.  Date  and  authority  for  each  consolidation.  The  United  States  Electric  Lighting 
Co.  acquired  the  property  rights  and  franchises  of  the  Heisler  Electric  Co.  in  1882 
and  of  the  Brush-Swan  Electric  Co.  in  1885.  The  Potomac  Light  & Power  Co.  (of 
Virginia)  in  1896  became  the  successor  to  the  property,  rights,  and  franchises  of  the 
Potomac  Electric  Co.  and  the  Potomac  Light  & Power  Co.  (of  the  District  of  Columbia). 
The  Potomac  Electric  Power  Co.  acquired  by  purchase  the  property,  rights,  and 
franchises  of  the  Potomac  Light  & Power  Co.  (of  Virginia)  on  June  30,  1896,  and  of  the 
United  States  Electric. Lighting  Co.  on  September  27,  1902. 

6.  State  whether  respondent  is  a corporation,  a joint-stock  association,  a firm  or 
partnership,  or  an  individual.  Corporation. 

7.  If  a reorganized  company,  give  name  of  original  organization  and  refer  to  laws 
under  which  it  was  organized.  No. 

Directors. 


Name. 

Post-office  address. 

Expiration  of 
term. 

Milton  E.  Ailes 

Washington,  D.  C 

Jan.  20,1917 
Do. 

Charles  J.  Bell 

do 

W oodbury  Blair 

do 

Do. 

W.  F.  Ham 

do 

Do. 

Clarence  P.  King 

do 

Do. 

Clarence  F.  Norment 

do 

Do. 

George  Truesdale 

do 

Do. 

Oscar  L.  Gubelman 

New  York  City 

Do. 

Wm.  Loeb,  jr 

do 

Do. 

Principal  officers. 


Name. 

Title. 

Salary. 

Clarp.noft  F.  Norment. 

Chairman  of  the  executive  committee 

$1,000 

Clarence  P.  King 

President 

12,500 

' W . F Ham 

Vice  president  and  comptroller 

6,500 

L R Bowen 

Secretary  and  assistant  treasurer 

3,000 

W L Clarke 

Assistant  secretary  and  asistant  treasurer 

1,500 

C E Brown 

Treasurer 

1,750 

J S Barbour 

Attorney  or  general  counsel 

5,000 

J.  C.  McLaughlin 

Manager  commercial  department 

5,000 

L.  E.  Sinclair 

General  superintendent 

10,000 

R.  W.  Crowell 

Purchasing  agent 

1,350 

.T.  B.  Hop.llmnn  _ _ 

General  storekeeper 

1,000 

R.  W.  Kang 

Assistant  to  president 

2,500 

General  office  force  other  than  clerks  and 

6,321 

bookkeepers. 

Officer  to  whom  correspondence  concerning  this  report  should  be  addressed:  W.  F. 
Ham,  comptroller,  Fourteenth  and  C Streets  NW. 

102 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  103 


Employees,  other  than  officers. 


Class. 

Number 
of  em- 
ployees. 

Average  wages. 

Maxi- 

mum 

hours 

continu- 

ous 

service. 

Per 

month. 

Per  day. 

general  office. 

Clerks 

40 

$66. 09 

8-9 

5 

110. 66 

8 

5 

32. 50 

11 

POWER  PLANT. 

Chief  engineer. . 

1 

104. 16 

8 

Stationary  engineer. 

2 

112. 50 

8-10 

Firemen  and  boiler-room  employees. . . 

15 

$1. 95 

8-10 

Other  power-plant  employees 

16 

2. 32 

8-10 

SUBSTATION. 

Superintendents 

2 

159. 16 

9 

Operators  . 

15 

2. 47 

9 

Other  substation  employees  

1 

75.00 

9 

Do 

10 

2. 27 

9-10 

DISTRIBUTION. 

Superintendents 

8 

177. 96 

8J-9 

Clerks 

33 

58. 40 

8|-9 

Linemen 

20 

2. 60 

9-10 

Laborers 

93 

1.74 

9 

Watchmen  and  miscellaneous 

8 

1.  84 

11-12 

Other  distribution  employees 

11 

75. 00 

8 1-9 

Do 

97 

2.35 

9-10 

COMMERCIAL. 

Bookkeepers 

20 

64. 75 

81 

Meter  readers 

11 

1. 70 

9 

Solicitors 

15 

82.88 

81 

Other  commercial  employees 

33 

60. 45 

Sh 

Corporations  controlled  by  respondent:  None. 


FACTS  PERTAINING  TO  CONTROL  OF  THE  RESPONDENT. 

1.  Date  of  last  meeting  of  stockholders  for  election  of  directors:  January  15,  1916. 

2.  Date  of  last  closing  of  stock  books  before  end  of  year  for  which  this  report  is 
made:  December  29,  1916. 

3.  Total  number  of  stockholders  of  record  at  the  date  required  in  answer  to  ques- 
tion 2:  Thirteen. 

4.  Has  each  share  of  stock  one  vote?  Yes. 

5.  Has  any  issue  of  securities  contingent  voting  rights?  No. 

6.  Has  any  issue  of  securities  special  privileges  in  the  election  of  directors?  No. 

7.  Did  any  individual,  association,  corporation  or  corporations,  gas,  electric,  or 
other,  control  the  respondent  on  December  31,  1916?  Under  authority  of  act  of 
Congress  approved  June  5,  1900,  the  Washington  Railway  & Electric  Co.  is  the 
equitable  owner  of  the  entire  capital  stock  of  this  company,  and  as  such,  through  its 
board  of  directors,  may  direct  the  voting  of  such  stock  at  stockholders’  meetings  for 
the  election  of  directors  and  for  certain  other  corporate  purposes,  subject,  however, 
to  restrictions  contained  in  its  consolidated  mortgage,  under  which  most,  if  not  all, 
of  said  stock  is  pledged. 

If  control  was  so  held,  state: 

(a)  The  form  of  control,  whether  sole  or  joint.  Sole. 

( b ) The  name  of  the  controlling  corporation  or  corporations.  Washington  Railway 
& Electric  Co. 

(c)  The  manner  in  which  control  was  established.  Through  ownership  of  stock. 

( d ) The  extent  of  control.  One  hundred  per  cent. 

(e)  Whether  control  was  direct  or  indirect.  Direct. 

8.  Did  any  individual,  association,  or  corporation,  as  trustee,  control  the  respondent 
on  December  31,  1916?  No. 

Companies  operated : * Potomac  Electric  Power  Co. 

Companies  jointly  operated:  None. 


104  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTTUCT  OF  COLUMBIA. 

Capital  stock. 


Description. 

Number 
of  shares 
author- 
ized. 

Par  value 
of  one 
share. 

Total  par 
value  au- 
thorized. 

Total  par 
value  out- 
standing. 

Total  par 
value  held 
by  respon- 
dent cor- 
poration. 

Total  par 
value  not 
held  by  re- 
pondent 
corporation. 

Dividends  declared 
during  year. 

Rate. 

Amount. 

Common 

Preferred 

Total. . . 

97, 500 
2, 500 

$100 

100 

$9, 750, 000 
250, 000 

$5,  750, 000 
250, 000 

None 

None 

$5, 750, 000 
250,000 

Per  cent. 

11 

11 

$632, 500 
27,500 

100, 000 

10, 000, 000 

6, 000, 000 

6,000,000 

660,000 

As  nearly  as  the  present  management  is  able  to  ascertain,  the  capital  stock  has 
been  issued  for  the  following  purposes: 


Purpose. 


Sold  for  cash  $817,950  (see  note  below),  applied  as  follows 

For  purchase  of  property  of  Potomac  Light  & Power  Co . $255, 000 
Part  payment  of  first  mortgage  5 per  cent  gold  bonds  of 


issue  Jan.  1,  1898 425.000 

For  general  purposes  of  the  company 137, 950 


Total ; 817,950 

Issued  for  conduit  materials 


Issued  for  services  in  organizing,  constructing,  developing,  and  financ- 
ing the  property  for  period  from  June  30,  1896  to  Apr.  30,  1899. 

Issued  for  purchase  of  United  States  Electric  Lighting  Co.’s  plant, 
including  real  estate,  buildings,  fixtures,  machinery,  appliances  and 
equipment,  materials  and  supplies,  unexpired  contracts  for  light 
and  power;  and  all  other  properties  of  said  company,  real,  personal, 
or  mixed,  including  the  good  will  of  the  business,  subject  to  a debt 
of  said  company  represented  by  the  improvement  debenture  bonds 
and  certificates  of  Indebtedness  of  a par  value  of  $650,000  and  the 
assumption  of  the  floating  debt,  and  of  unperformed  contracts  of 
said  company. 

Issued  in  part  payment  of  $650,000  par  value  first  mortgage  5 per  cent 
gold  bonds  ofissue  of  Jan.  1, 1898,  and  accrued  interest  on  said  bonds, 
$80,888.85  (balance  paid  by  cash  from  sale  of  stock  above  referred  to). 

Issued  for  purchase  of  two-thirds  interest  in  the  Great  Falls  water- 
power site. 

Total 


Shares. 

Par  value. 

Number. 

Kind. 

8, 179J 

Common.. 

$817,950 

27 

. . .do 

2,700 
354,350 
250,000 
3, 250, 000 

J 3, 543£ 

\ $2,500 
32, 500 

...do 

Preferred.. 
Common. . 

3, 250 

...do 

325,000 

10,000 

...do 

1,000,000 

60,000 

6,000,000 

Note.— Includes  amounts  charged  to  individual  accounts  of  subscribers  to  stock. 

Funded  debt. 


Designation  of  bond  or 
obligation. 

Date. 

Total  par 
value  au- 
thorized. 

Total  par 
value  out- 
standing. 

Total 
par 
value 
held 
by  re- 
spond- 
ent 

corpor- 
ation in 
sinking 
or  other 
funds. 

Total 
value  not 
held  by 
respond- 
ent cor- 
portion. 

Interest. 

Issue. 

Matu- 

rity. 

Rate. 

Amount 

accrued 

during 

year. 

Amount 

paid 

during 

year. 

First  mortgage  5 per  cent 

gold  bond 

Consolidated  mortgage  5 
per  cent  bond 

Total 

1904 

1906 

1929 

1936 

$4, 000, 000 

7, 000, 000 

$1,700,000 

5,300,000 

$369, 000 

$1,700,000 

4,931,000 

Per 

cent. 

i5 

25 

$85,000.06 

265,000.00 

$85,000 

265,000 

ii,ooo,oool  7.000,000 

1 . 

369, 000 

6.631,000 

350, 000.06 

350,000 

1 Payable  June  and  December. 


2 Payable  July  and  January 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  105 


Total  par  value  outstanding,  $7,000,000. 

Cash  realized  from  the  sale  of  $1,700,000  first  mortgage  bonds  was  disposed  of  as 
follows: 

Paid  to  retire  $280,000  first  mortgage  41  per  cent  bonds,  issue  of  Nov.  1, 


1902 $280,  000 

Paid  to  retire  floating  indebtedness 805,  000 

For  extensions,  additions,  betterments,  and  improvements 513,000 


Total 1,598,000 


Cash  realized  from  the  sale  of  $5,300,000  consolidated  mortgage  bonds,  amounting 
to  $5,086,790,  was  expended  as  follows: 

For  redemption  of  improvement  debenture  bonds  and  certificates  of  in- 
debtedness of  the  United  States  Electric  Lighting  Co.  of  a par  value  of 


$650,000,  matured  May  1,  1907 $650,  000 

For  extensions,  additions,  betterments,  and  improvements 4,436,790 

Total 5,086,790 

Actual  amount  of  coupons  retired  or  canceled  during  year  as  reported  by  Com- 
mercial Trust  Co.  of  New  Jersey,  trustee,  as  follows: 

First  mortgage  5 per  cent  bonds $83,  925 

Consolidated  mortgage  5 per  cent  bonds 264,  525 


Receiver’s  certificates:  None. 

Security  for  funded  debt:  First  mortgage  5 per  cent  gold  bonds  and  consolidated 
mortgage  5 per  cent  bonds.  Property  mortgaged  and  securities  pledged:  All  prop- 
erty of  every  kind,  real,  personal,  or  mixed  now  owned  or  hereafter  acquired  by  the 
company,  including  land,  buildings,  apparatus,  appliances,  miscellaneous  equipment, 
franchises,  etc.  Value:  Unable  to  state;  now  in  process  of  ascertainment. 

Recapitulation  of  capitalization. 


Total  par 
value  out- 
standing. 

Assign- 
ment to 
electric. 

Capital  stock 

$6,000,000 

7,000,000 

$6,000,000 
7,000, 000 

Funded  debt 

Total 

13,000, 000 

13,000,000 

Income  account  statement. 

Operating  income : 

Operating  revenues $2,  420,  537.  08 

Operating  expenses 1,  042,  541.  55 


Net  operating  revenue $1,  377,  995. 53 

Deductions  from  total  net  revenue: 

Taxes 122,  928. 55 

Uncollectible  customers’  bills 12, 102. 68 


Total  deductions  from  net  revenue 135, 031 . 23 


Net  operating  income $1,  242,  964. 30 

Other  income: 

Dividend  revenues 270.00 

Interest  revenues 11,  666. 26 


11,  936.  26 


Total  other  income 

Gross  corporate  income 


1,  254,  900. 56 


106  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Deductions  from  gross  corporate  income: 

Interest  deductions $365,  784.  83 

Bad  debts  written  off 232. 85 

Sinking  funds  chargeable  to  income 106,  000.  00 

Amortization  of  debt  discount  and  expense 11,  022. 36 


Total  deductions  from  gross  corporate  income. 


$483,040.04 


Net  corporate  income 771,  860. 52 

Disposition  of  net  corporate  income:  Dividends  declared 660,  000. 00 


Surplus 111,860.52 

Operating  revenues. 

Street  and  park  lighting $226,  999. 03 

Commercial  lighting 1.  648,  891.  24 

Commercial  power 509,  285.  61 

Other  electric  corporations 14,  748.  89 

Electric  merchandise  and  jobbing 13,  984.  40 

Other  miscellaneous  electric  revenue 90.00 

Rent  of  land  and  buildings 3,  528. 10 

Rent  of  equipment - 3,  009.  81 


Total  operating  revenues 2,  420,  537.  80 


Operating  expenses. 


Account. 

Amount. 

Ratio  to 
total  of 
general 
account. 

Ratio  to 
total 
operating 
expenses. 

I.  PRODUCTION  EXPENSES. 

Power-plant  wages 

$15,636.32 

Per  cent. 
6. 53 

Percent. 

1.50 

185,945.69 
2, 157.35 

77. 59 

17. 84 

Lubricants 

.90 

.21 

PlAntriA  AtiArgy  from  other  sources  

439.48 

. 18 

.04 

Miscellaneous  power-plant  expenses 

2,  200. 27 
8,849.89 
24,255. 81 
3,555. 67 
1,435.02 
173.91 

.92 

.21 

Power-plant  buildings,  maintenance 

1.61 

.37 

Motive  power,  maintenance 

10. 12 

2.33 

Electrical  apparatus,  maintenance 

1.48 

.34 

Miscellaneous  power-plant  equipment,  maintenance 

.60 

. 14 

Power-plant  tools  and  implements,  maintenance 

.07 

.01 

Total  production  expenses 

239,649.41 

100.00 

22.99 

n.  TRANSMISSION  EXPENSES. 

Substation  labor 

18,956.36 
2, 122.51 

16.93 

67.79 

1.82 

Substation  supplies  and  expenses 

7.59 

.20 

Transmission  poles  and  fixtures,  maintenance 

.06 

Overhead  transmission  system,  maintenance 

72.70 

.26 

Underground  transmission  system,  maintenance 

533.58 

1.91 

.05 

Substation  buildings,  maintenance 

573. 57 

2. 05 

.06 

Substation  equipment,  maintenance 

5, 721.21 

20. 46 

.55 

Total  transmission  expenses 

27,963.00 

100.00 

2.68 

HI.  DISTRIBUTION  EXPENSES. 

Distribution  superintendence 

35,274.29 

1,037.29 

16. 13 

3. 38 

Distribution  office  expenses 

.47 

. 10 

Setting  and  removing  meters  and  transformers r. 

7,  201. 48 

3.29 

.69 

Electric  meter  operation 

22, 090. 59 

10. 10 

2. 12 

Commercial  arc  lamps,  operation 

805.04 

.37 

.08 

Commercial  incandescent  lamps,  renewals 

16, 069. 58 
235. 11 

7.35 

1.54 

Commercial  glower  lamps,  operation 

. 12 

.02 

Customers’  signs,  operation 

3,331.88 
4,624.53 
8,635.75 
6,281.22 
491. 11 

1.52 

.32 

Public  arc  lamps,  operation 

2. 12 

.44 

Public  incandescent  lamps,  operation 

3.95 

.83 

Public  incandescent  lamps,  renewals 

2.  87 

.60 

Public  glower  lamps,  operation 

.23 

.05 

Miscellaneous  distribution  labor 

19, 067.41 

8.72 

1.83 

Miscellaneous  distribution  supplies 

6,296.93 
11,652. 34 

2, 719. 95 

6, 857. 55 

2.88 

.60 

Distribution  poles  and  fixtures,  maintenance 

5. 33 

1. 12 

Overhead  distribution  system,  maintenance 

1. 24 

.26 

Underground  distribution  conduits,  maintenance 

3. 14 

. 66 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  107 


Operating  expenses — Continued. 


Account. 


in.  distribution  expenses— continued. 

Underground  distribution  system,  maintenance 

Electric  meters,  maintenance 

Transformers,  maintenance 

Electric  services,  maintenance 

Commercial  arc  lamps,  maintenance 

Commercial  glower  lamps,  maintenance 

Public  arc  lamps,  maintenance 

Public  glower  lamps,  maintenance 

Miscellaneous  distribution  equipment,  maintenance 

Total  distribution  expenses 

IV.  COMMERCIAL  EXPENSES. 

Commercial  administration 

Advertising 

Other  commercial  expenses 

Total  commercial  expenses 

V.  GENERAL  AND  MISCELLANEOUS  EXPENSES. 

Salaries  and  expenses  of  general  officers 

Salaries  and  expenses  of  general  office  clerks 

General  office  supplies  and  expenses 

General  law  expenses 

Miscellaneous  general  expenses 

Insurance 

Relief  department  and  pensions 

. General  amortization 

Injuries  to  persons  and  property 

Stationery  and  printing 

Store  expenses 

Stable  expenses 

General  structure,  maintenance 

Total  general  and  miscellaneous  expenses 

RECAPITULATION. 

I.  Total  production  expenses 

II.  Total  transmission  expenses 

III.  Total  distribution  expenses 

IV.  Total  commercial  expenses 

V.  Total  general  and  miscellaneous  expenses 

Total 


Amount. 

Ratio  to 
total  of 
general 
account. 

Ratio  to 
total 

operating 

expenses. 

Pee  cent. 

Per  cent. 

$17,911.37 

8. 19 

1.72 

5, 720.08 

2. 62 

.55 

1,552. 17 

.71 

.15 

5,207.80 

2. 38 

.50 

6, 102.  70 

2.79 

.59 

2,394.59 

1.10 

.23 

10,445.38 

4.  78 

1.00 

3, 244. 19 

1.48 

.31 

13,381.64 

6. 12 

1.28 

218,631.97' 

100. 00 

20.97 

46, 842. 18 

57. 88 

4.49 

9,925.57 

12. 27 

.95 

24, 155. 74 

29. 85 

2.32 

80,923.  49 

100. 00 

7.76 

48,242.41 

10. 15 

4.63 

19,519.61 

4.11 

1.87 

5,976.41 

1.26 

. 57 

13,071.30 

2.75 

1.25 

46, 353. 06 

9.75 

4.  45 

5, 819. 17 

1.22 

.56 

1,331. 12 

.28 

.13 

259, 687.  81 

54. 63 

24.91 

6,051.35 

1.27 

.58 

17,018. 17 

3. 58 

1.63 

13,521.09 

2.  84 

1. 30 

31,481. 80 

6. 62 

3.02 

7, 300.  38 

1.54 

.70 

475, 373. 68 

100. 00 

45.60 

239, 649. 41 

22. 99 

27, 963. 00 

2. 68 

218, 631. 97 

20.97 

80, 923. 49 

7.76 

475,373.68 

45. 60 

1,042,541.55 

L 

100.00 

Ratio  of  operating  expenses  to  operating  revenues,  43.07. 

Property  devoted  to  outside  operations:  None. 

Advances  to  proprietary,  affiliated,  or  controlled  companies:  None. 

Balance  sheet  accounts. 


Dec.  31, 1916. 

Dec.  31, 1915. 

Increase  or 
decrease. 

ASSETS. 

Permanent  and  long  term  investments: 

Fixed  capital,  plant  and  equipment,  Dec.  31, 1909  (de- 
voted to  operation) 

Expenditures  for  plant  and  equipmentsince  Dec.  31, 1909. 

Accrued  amortization  of  capital 

Total 

$9,314,557.85 
3, 195,786.25 

$9, 355, 619. 28 
2, 610, 140. 27 

$11 ,061  AS 
585,645. 98 

12,510,344. 10 
797, 117. 99 

11,965,759. 55 
558,869. 20 

544, 584. 55 
238,248.79 

11,713,226.11 

11,406,890. 35 

306,335. 76 

Other  permanent  investments 

Funded  debt 

1,588,625.99 

367,900.00 

1,444,916. 55 
367,900.00 

143, 709. 44 

Total 

1,956,525. 99 

1.812.816. 55 

143. 709. 44 

— j 

108  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA, 


Balance  sheet  accounts— Continued. 


Dec.  31, 1916. 


Dec.  31,  1915. 


Increase  or 
decrease. 


assets— continued. 


Working  assets: 

Materials  and  supplies 

Cash 

Coupon  special  deposits 

Other  special  deposits 

Bills  receivable 

Accounts  receivable 

Advances 

Total 

Accrued  income  not  due:  Interest  and  dividends  receivable. 

Deferred  debit  items: 


$157,378. 06 
337,094. 68 
142, 642. 50 
9,542.91 
19,833. 95 
390, 178. 90 
17.672.93 


$113, 807. 65 
382,630.90 
141,092.50 
10,692.04 
17, 272.  20 
313,016.76 
22,059. 47 


$43,570. 41 
45,536.22 
1,550.00 
1,149.  IS 
2,561.75 
77,162. 14 
4,386.54 


1,074,343. 93 


1,000,571.52 


73,772.41 


166. 66 


166. 66 


Property  abandoned 

Insurance  premiums  paid  in  advance 

Unamortized  debt  discount  and  expense. 
Other  suspense 


2,856. 56 
195,663.  24 
5,486. 55 


7,046. 46 
8,043.11 
206,685. 60 
3,553.  78 


7,046.46 
6,176.65 
11,022.36 
1,932. 77 


Total 


204,016.35 


225,328.95 


21,312.60 


Grand  total 


LIABILITIES. 


14,948,279.04 


14,445,774.03 


502,505.01 


Capital  stock: 

Common 

Preferred 

Total 

Long-term  funded  debt 

W orking  liabilities: 

Consumers’  deposits 

Loans  and  bills  payable 

Audited  vouchers  and  wages  unpaid. 
Other  working  liabilities 

Total 

Accrued  liabilities  not  due: 

Taxes  accrued 

Interest  accrued 

Total 

Appropriated  surplus,  reserves 

Free  surplus,  balance 

Grand  total 


5,750,000.00  5,750,000.00 

250,000.00  250,000.00 


6,000,000.00 


6,000,000.00 


7,000,000.00 


7,000,000.00 


92, 178. 83 
193, 763. 28 
263, 640. 03 
142, 707. 50 


87,054. 72 
163,763.28 
65,524.84 
141, 107. 50 


5,124.11 
30,000.00 
198, 115. 19 
1,600.00 


692,289. 64 


457,450. 34 


234,839. 30 


69,627.  57 
14,532.12 


58,355.24  11,272.33 
10,804.68  3,727.44 


84, 159. 69 


69, 159. 92 


14,999. 77 


895,855.95 
275,973.  76 


762,432.44  133,423.51 

156,731.33  119,242.43 


14, 948,279. 04 


14,445,774. 03 


502,505.01 


Capital  accounts. 


Accounts. 

Installed 
during  year 
1916  from 
assets. 

Total  vear 
1916. 

Installed 
Dec.  3L, 
1909,  to  Jan. 
1,  1916. 

Total  to 
Dec.  31, 
1916. 

Land  devoted  to  electric  operations 

General  structures  and  equipment: 

General  structures 

General  equipment 

Total  general  structures  and  equipment 

Production  plant: 

Power-plant  buildings 

Furnaces,  boilers,  and  accessories 

Steam  engines 

$42,051.50 

$42,051. 50 

$53, 816. 01 

$95, 867.  51 

31,890. 60 
8, 876. 97 

31, 890. 60 
8, 876. 97 

120,686.20 
39, 175. 33 

152, 576. 80 
48, 052. 30 

40,767.  57 

40, 767. 57 

159, 861. 53 

200,629. 10 

44, 355.  86 
15,343.62 
129, 456. 66 
56, 155. 15 
10, 590.  99 
61.85 

44, 355.  86 
15, 343.62 
129,  456. 66 
56,155. 15 
10,  590.  99 
61.85 

3,620. 64 
132, 381. 93 
196, 808. 71 
107,326.  44 
44, 796. 15 
1,219.69 

47, 976. 50 
147,725. 55 
326,  265.  37 
163, 481.  59 
55, 387. 14 
1,281.  54 

Electric  generators 

Accessory  electric  power  equipment 

Miscellaneous  nower-plant  equipment 

Total  production  plant 

255, 964. 13 

255, 964. 13 

486, 153. 56 

742,117. 69 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  109 


Capital  accounts — Continued. 


Accounts. 


Transmission  and  distribution  plant: 

Substation  buildings 

Substation  equipment 

Poles  and  fixtures 

Underground  conduits 

Transmission  system 

Distribution  system 

Line  transformers  and  devices 

Electric  services 

Electric  meters 

Total  transmission  and  distribution  plant 

Street  and  park  lighting  system 

Ancillary  equipment: 

Commercial  arc  lamps 

Electric  tools  and  implements 

Electric  laboratory  equipment 

Total  ancillary  equipment 

Undistributed  construction  expenditures: 

Engineering  and  superintendence 

Injuries  during  construction 

Total  undistributed  construction  expenditures. . . 

RECAPITULATION. 

Land  devoted  to  electric  operations 

General  structures  and  equipment 

Production  plant 

Transmission  and  distribution  plant 

Street  and  park  lighting  system 

Ancillary  equipment 

Undistributed  construction  expenditures 

Grand  total 


Installed 
during  year 
1916  from 

assets. 

Total  year 
1916. 

Installed  • 
Dec.  31  , 

1909,  to  Jan. 
1, 1916. 

Total  to 
Dec.  31, 
1916. 

$8,409.56 
351, 812. 84 
87, 155. 83 
346, 273. 61 
170, 404. 97 
309, 414.  28 
58, 531. 05 
241,159.36 
154,395.01 

$8, 409.  56 
397,  286. 08 
98, 956. 84 
387,  496.  75 
171, 996. 82 
353, 183. 02 
73, 865. 14 
283, 637.  48 
189, 329. 37 

$45,  473.  24 
11, 801. 01 
41,  223.  14 
1,591,85 
43, 768.  74 
15,334. 09 
42, 478. 12 
34, 934.  36 

$45,  473. 24 
11.801.01 
41,223.14 
1,591.85 
43,768.74 
15, 334. 09 
42,  478. 12 
34,934.36 

236,604.55 

236,604.55 

1,727,556.51 

1,964, 161.06 

3,367.59 

3,367.  59 

196, 347.  £6 

199, 715. 15 

6,584.85 
262. 04 
183. 60 

6, 584. 85 
262. 04 
183. 60 

17,084.35 
751. 18 
1, 065.  42 

23,669.20 

1,013.  22 
1,249.  02 

6, 139.21 

6, 139. 21 

15,267.  75 

21,406.96 

11,797.  02 

11, 797.  02 

11,797.  02 

1, 232.  83 

1, 232. 83 

1,672.85 

2, 905. 68 

13,029.85 

13, 029. 85 

1,672.85 

14,  702.  70 

42,051.50 
40,  767. 57 
255,964. 13 
236, 604. 55 
3,367.59 
6, 139. 21 
13,029. 85 

42,051.50 
40,767. 57 
255, 964. 13 
236,604.55 
3, 367. 59 
6,139.21 
13,029.85 

53,816.01 
159,  861.  53 

486. 153. 56 
1,727,556.51 

196. 347. 56 
15,267.75 

1,672.  85 

95, 867.  51 
200,629. 10 
742,117.69 
1,964, 161.  06 
199, 715. 15 
21,406.96 
14, 702.  70 

585,645. 98 

585,645.  98 

2,610,140.27 

3, 195, 786.  25 

Balance  sheet. 


Corporate  surplus. 

DEBITS. 


$275,  973.  76 


CREDITS. 


Balance $156,731.33 

Credit  balance  transferred  from  income  account Ill,  860. 52 

Inventory  adjustment,  period  prior  to  Jan.  1,  1916 7,  381.  91 


, Total 275,  973.  76 


Stocks  and  funded  debt  owned. 

STOCKS. 


Name. 

— * 

Par  value 
of  stocks 
owned. 

Dividends  declared. 

Valuation 
of  stocks 
owned. 

Rate. 

Amount. 

Other  than  proprietary,  affiliated,  or  controlled  companies: 
Electric  testing  laboratories 

$2, 700 
352 

Per  cent. 
10 

$270 

$2,  700 
352 

F.  H.  Geyer  Co.  (Inc.) 

Grand  total 

3,052 

270 

3,052 

110  balance  sheets  public  utilities  DISTRICT  OF  COLUMBIA. 


Stocks  and  funded  debt  owned — Continued. 
FUNDED  DEBT. 


Name. 

Par  value 
of  funded 
debt 
owned. 

Interest  accrued. 

Valuation 
of  fufided 
debt 
owned. 

Rate. 

Amount. 

Other  than  proprietary,  affiliated,  or  controlled  companies: 
Washington  & Rockville  Ry.  Co.  first  mortgage  5 per  cent 
bonds 

$20,000 

Per  cent. 

5 

$1,000 

$20,000 

See  also  securities  in  sinking  fund,  below. 

Sinking , redemption,  and  other  special  funds. 


Name  of  fund  and  security. 

■ Securities  in  fund. 

■ 

Cash  in 
fund. 

Total. 

j Par  value. 

Cost. 

Sinking  fund  assets: 

Potomac  Electric  Power  Co.  consolidated  mortgage 

5 per  cent  gold  bonds 

$369,000.00 

542,000.00 

$367,900.00 

449,418.19 

Washington  Railway  & Electric  Co.  consolidated 
mortgage  4 per  cent  bonds 

Total 

$9,542.91 

$826,861. 10 

911,000.00 

817,318.19 

9,542.91 

82, 861. 10 

Outside  operations,  revenues  and  expenses:  None. 


IMPORTANT  CHANGES  DURING  THE  YEAR. 

Extensions  or  additions  to  plant  or  equipment  and  decrease  or  abandonment  of 
plant  or  equipment:  (See  details  on  pages  108  and  109  for  plant  and  equipment  since 
December  31, 1909.)  Fixed  capital,  plant,  and  equipment,  December  31, 1909,  see  pages 
108  and  109,  decreased  $41,061.43  onaccountof  abandonment  of  storage  battery,  rotary, 
etc.  Changes  in  the  respondent’s  holdings  of  stocks  and  funded  debt:  $176,000  par 
value  Washington  Railway  & Electric  Co.  4 per  cent  bonds  purchased  during  year  for 
inking  fund. 

Contracts  and  agreements:  None. 

Taxes  and  assessments  {paid). 


State  or  Territory. 

Ad  valorem 
on  real  and 
personal 
property. 

Specific  on 
earnings: 
Revenue 
or  divi- 
dends. 

On  prop- 
erty owned 
not  used  in 
operation 
and  mis- 
cellaneous. 

Internal 
revenue, 
United 
States  Gov- 
ernment. 

Total. 

District  of  Columbia 

$19,286.13 

1,172.97 

State  of  Maryland 

District  of  Columbia 

$81,373.26 

Do 

$1,604. 90 

United  States  Government 

$8,465.59 

Total ^ 

20,459. 10 

81,373.26 

1,604.90 

8,465.59 

$111,902.85 

Property  abandoned. 

One  2,000  kilowatt  turbine: 

Account  credited,  plant  and  equipment,  Dec.  31,  1909. 


Date  abandoned,  1912. 

Total  amount  chargeable $35,  933.  98 

Amount  charged  off 35,  933.  93 


The  amount  charged  off  has  been  charged  to  operating  expenses  in  accordance  with 
plans  approved  by  the  Interstate  Commerce  Commission. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  Ill 


ELECTRIC  STATISTICS  CONCERNING.  PROPERTY  LOCATED  WITHIN  DISTRICT  OF  COLUMBIA. 

Number,  character,  and  location  of  generating  plant:  Bennings  Road  and  Eastern 
Branch,  steam  turbine  plant;  Fourteenth  and  B Streets  NW.,  steam  engine  plant. 

Number,  character,  and  location  of  substations:  405  Eighth  Street  NW.,  rotary  and 
battery;  450  Washington  Street,  rotary  and  battery;  Brightwood,  D.  C.,  rotary; 
alley  between  Fourteenth  and  Fifteenth,  H and  I,  rotary  and  battery;  Thirty-third 
and  Water  Streets  NW.,  rotary;  Sherman  Avenue  and  Harvard  Street,  rotary;  Ben- 
nings Road,  rotary;  Fourteenth  and  B Streets  NW.,  rotary. 

REAL  ESTATE  DEVOTED  TO  ELECTRIC  PLANT. 

Benning  power  plant  and  substation:  Parcel  169-9,  containing  550,163  square  feet; 
acquired  1906;  power-plant  building  219  by  183  feet,  built  of  concrete  block  and 
steel;  substation  building  46  by  31  feet,  built  of  concrete  block. 

Fourteenth  and  B Streets  power  plant,  substation,  office  building,  stores  buildings, 
and  stable:  Lots  1,  3,  4,  5,  6,  7,  8,  A,  B,  C,  D,  E,  of  square  259,  containing  81,795  square 
feet;  acquired  1890,  1894,  1897,  1912,  and  1916;  power-plant  building  and  substation 
building,  246  by  131  feet,  built  of  concrete,  brick,  and  iron;  office  building  approxi- 
mately 195  by  92  feet,  built  of  concrete,  brick,  and  iron;  file  room  and  shop  56  by  27 
feet,  built  of  concrete,  brick,  and  iron;  stable  building,  135  by  120  feet,  built  of  brick. 

Eighth  Street  substation:  Lot  5,  square  431,  containing  2,288.6  square  feet;  acquired 
1913;  building,  62  by  30  feet,  built  of  brick. 

Washington  Street  substation : Part  of  lots  27,  28,  101,  and  lot  100,  square  518,  contain- 
ing 10, 553  square  feet;  acquired  1899, 1906, 1907;  building,  100  by  90  feet,  built  of  brick. 

Georgia  Avenue  substation:  Lot  800,  square  2896,  containing  17,789  square  feet; 
acquired  1905,  building  46  by  31  feet,  built  of  brick. 

I Street  substation:  Lot  53,  square  220,  containing  3,948.85  square  feet;  acquired 
1907 ; building  86  by  45  feet  built  of  brick  and  iron. 

Sherman  Avenue  substation:  Lot  30,  square  2852,  containing  6,000  square  feet* 
acquired  1907:  building  89  by  32  feet,  built  of  brick. 

Water  Street  substation  and  stores  buildings:  Part  of  lots  35,  38,  and  39,  square  1184. 
lots  31,  32,  and  33,  square  1176,  lot  40,  and  part  of  lots  41  and  80,  square  1185,  contain- 
ing 110,185  square  feet;  acquired  1897,  1899;  substation  and  stores  building  220  b\ 
90  feet,  built  of  brick. 

All  of  the  foregoing  property  is  owned  by  the  Potomac  Electric  Power  Co. 

The  cost  and  book  values  of  land  and  buildings  are  not  stated  separately  on  the 
company’s  books. 

Description  of  motive  power. 

BOILERS. 


Where  located. 

Num- 
ber of 
each 
kind. 

Maker. 

Type. 

Year  of 
installa- 
tion. 

Usual 

steam 

pres- 

sure. 

Rated 
horse 
power 
of each. 

Total 

rated 

horse 

power. 

Bennings  Road  and  East- 
ern Branch. 

Do 

16 

4 

4 

6 

7 

Babcock  & Wilcox 
Co. 

do 

Water  tube. 

do 

1906 

1910 

1912 

1898 

1901-1906 

185 

185 

185 

185 

185 

600 

525 

600 

300 

450 

9,600 

2,100 

2,400 

1,800 

3, 150 

Do 

do 

do 

Fourteenth  and  B Streets 
NW. 

Do 

do 

do 

do 

do 

Total  horsepower . . . 

19,050 

STEAM  ENGINES. 


Num- 

Year of 
installa- 
tion. 

Rated 

Total 

Where  located. 

ber  of 
each 

Maker. 

Type  of  engine. 

horse- 

power 

rated 

horse- 

kind. 

of  each. 

power. 

Fourteenth  and  B Streets 
NW. 

2 

McIntosh  & Seymour  Co. 

Comp  osite, 
f compound, 

f 1899 

1,600 

3,200 

Do 

2 

do.. 

| 1899 

l 1902 
1907-1912 

800 

1,600 

1,000 

75,000 

Do 

1 

.do 

condensing. 

1,000 

15,000 

Bennings  Road  and  East- 

5 

General  Electric  Co 

Vertical  turbines 

ern  Branch. 

Do 

1 

do 

Horizontal  tur- 

1916 

20,000 

20,000 

bine. 

Total  horsepower.. 

100, 800 

112  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Description  of  dynamos  at  generating  stations. 


Where  located. 

Num- 
ber of 
each 
kind. 

Maker. 

Type. 

Fear  of 
installa- 
tion. 

Cur- 

rent. 

Capac- 
ity of 
each  in 
kilo- 
watts. 

Total 
capac- 
ity, in 
kilo- 
watts. 

Fourteenth  and  B Streets 

6 

General  Electric  Co... 

Const  a nt 

1899 

Direct. 

240 

1,440 

NW. 

potential. 

. Do 

2 

do 

do 

1899 

...do... 

480 

960 

Do 

1 

do 

..do.... 

1902 

do. . . 

600 

600 

Bennings  Road  and  East- 

3 

do 

Turbo  gen- 

1907-1912 

Alter- 

9,000 

27,000 

ern  Branch. 

erator. 

nat- 

Do  

2 

do 

do 

1907-1912 

ing. 

.do... 

5,000 

10  000 

Do 

1 

do 

. . .do 

1916 

...do... 

15^000 

15^000 

Total  kilowatts 

55,000 

Distribution  system,  overhead  lines. 


Size  of  wire. 

Solid 

conductor. 

Stranded 

conductor. 

Total  wire 
of  each  size, 
in  feet. 

Size  of  wire. 

Solid 

conductor. 

Stranded 

conductor. 

Total  wire 
of  each  size, 
in  feet. 

1 

1,150 

515,308 

4,018 

1,150 
517, 803 
691, 653 
1,449,198 
2,068,876 
4, 484 
77 
460 

166.681 

2/0 

1,644 

290 

30 

272 

851 

10,099 

1,644* 

290 

30 

272 

851 

10,099 

69 

2 

2,495 

687,635 

1,449,198 

2,065,630 

4,484 

77 

460 

3/0 

4 

4/0 

6 

250, 000  c.  m 

8 

3,246 

500,000  c.  m 

10 

600,000  c.  m 

12 

Mast  arm 

69 

14 

Total 

l/o  

166,681 

4,210,048 

703,589 

4,913,637 

Poles , commercial. 


Height  in 
feet. 

Wooden 

poles. 

Iron 

poles. 

For  what  purpose 
used. 

Height  in 
feet. 

Wooden 

poles. 

Iron 

poles. 

For  what  purpose 
used. 

20 

9 

Guy  and  line. 

60 

2 

Line. 

25 

124 

Do. 

65 

3 

Do. 

30  . 

5,141 

Do. 

20 

1 

Guy  and  line. 

35 

2,359 

Line. 

25 

69 

Do. 

37| 

2 

Do. 

30 

81 

Do. 

40 

275 

Do. 

35 

3 

Line. 

45 

132 

Do. 

40 

5 

Do. 

.V) 

18 

Do 

55 

7 

Do! 

Total... 

8,072 

159 

Polesr  municipal,  iron . 


10  to  20  feet  in  height 925 

20  feet  in  height 617 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  113 


Distribution  system , underground. 

CONDUITS. 


Character  of  duct. 

Number 
of  ducts. 

Miles  of 
conduit. 

Character  of  duct. 

Number 
of  ducts. 

Miles  of 
conduit. 

1 

96.75 

Terra  cotta 

24 

1.15 

Do 

2 

9.45 

Do 

26 

.12 

Do 

3 

.34 

Do... .' 

28 

.46 

Do 

4 

88.06 

Do 

30 

.02 

Do  ..  .. 

5 

.12 

Do 

32 

. 13 

Do  ...  . 

6 

26.23 

Do 

36 

.58 

Do. 

7 

.07 

Do 

42 

.08 

Do 

8 

11.27 

Do 

48 

.03 

Do.  . 

9 

1.25 

Do 

60 

.004 

Do 

10 

.39 

Do 

64 

.02 

Do 

11 

.03 

Cement  lined  irpn  pipe 

2 

.02 

Do 

12 

8. 14 

Do 

4 

.16 

Do 

13 

.03 

Do 

6 

.16 

Do 

14 

2.14 

Do 

8 

.10 

Do 

15 

.02 

Do 

12 

1.73 

Do 

16 

1.43 

Do 

13 

.18 

Do 

17 

.01 

Do 

16 

.10 

Do 

18 

. 05 

Do 

17 

.04 

Do 

20 

. 14 

Do... 

22 

1 06 

Total 

251.064 

CABLE  UNDERGROUND. 


Size  and  number  of  conductor. 

Miles  of 
cable. 

Size  and  number  of  conductor^ 

Miles  of 
cable. 

HIGH  TENSION. 

500,000,  1-conductor 

0. 01 

LOW  TENSION. 

1,500,000, 1-conductor 

3.48 

250,000,  1-conductor 

.20 

1,000,000,  1-conductor 

42.05 

3/0, 1-conductor 

.09 

750,000,  1-conductor 

5.15 

2/0,  1-conductor 

.79 

700,000, 1-conductor 

22.96 

1/0,  1-conductor 

23.26 

600,000,  1-conductor 

6. 36 

No.  1, 1-conductor 

31.54 

500,000, 1-conductor 

44.42 

No.  2,  1-conductor 

29.25 

350,000,  1-conductor 

16. 47 

No.  4,  1-conductor 

59.11 

300,000,  1-conductor 

5. 48 

No.  6, 1-conductor 

64. 55 

250,000,  1-conductor 

45.93 

No.  8, 1-conductor 

27.52 

4/0, 1-conductor. . . 

14. 14 

No.  10,  1-conductor 

211.37 

3/0, 1-conductor 

40.01 

1/0,  2-conductor 

29. 88 

2/0,  1-conductor 

19. 01 

No.  2,  2-conductor 

1.28 

1/0, 1-conductor 

65.07 

No.  4,  2-conductor 

1.95 

No.  1, 1-conductor 

28. 92 

No.  8,  2-conductor 

.19 

No.  2, 1-conductor 

244. 15 

No.  10,  2-conductor 

7.71 

No.  4, 1-conductor 

28. 95 

No.  12,  2-conductor 

.30 

No.  6, 1-conductor 

255. 94 

250,000,  3-conductor 

57.30 

No.  8, 1-conductor 

4.97 

4/0,  3-conductor 

10.21 

No.  10,  1-conductor 

1.11 

1/0,  3-conductor 

15. 44 

1,000,000,  2-conductor 

8. 33 

No.  2,  3-conductor 

6. 87 

700,000,  2-conductor  . 

.08 

No.  4,  3-conductor 

.06 

1/0,  2-conductor. . . 

.05 

No.  6,  3-conductor 

.80 

No.  6,  2-conductor 

.02 

No.  10,  3-conductor 

1.17 

250,000,  3-conductor 

.005 

No.  14,  3-conductor 

.06 

1/0,  3-conductor. . . 

.04 

1/0,  4-conductor 

4.76 

No.  2,  3-conductor 

.01 

No.  1,  4-conductor 

.96 

No.  6,  3-conductor 

.002 

No.  2,  4-conductor 

1.61 

No.  10,  3-conductor 

.06 

No.  6,  4-conductor 

1.67 

No.  14,  3-conductor 

26.60 

Total 

589.91 

Total ' 

929.767 

H.  Doc.  2038,  64-2 8 


114 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA, 


Substation  and  transformer  equipment. 


STORAGE  BATTERIES. 


Where  located. 

Maker. 

Num- 

ber 

of 

cells. 

Number  of 
plates  per 
cell. 

Area 

of 

plates 

in 

Rate 

of 

charg- 

ing 

in 

am- 

peres. 

Voltage. 

Rate  of  discharg- 
ing in  amperes. 

Posi- 

tive. 

Nega- 

tive. 

square 

inch- 

es. 

Maxi- 

mum. 

Mini- 

mum. 

1 

hour. 

5 

hours. 

10 

hours. 

405  Eighth  Street 
NW. 

Electric  Storage 
Battery  Co. 

144 

14 

15 

930 

500 

2.6 

1.7 

2,000 

700 

500 

450  Washington 

Street  NW. 

do 

138 

26 

27 

465 

500 

2.6 

1.7 

2,000 

700 

500 

Alley  between 
Fourteenth  and 
Fifteenth,  H and 

I Streets. 

do 

146 

14 

15 

930 

500 

2.6 

1.7 

2,000 

700 

500 

OTHER  EQUIPMENT. 


Where  located. 

Rotaries. 

Booster 

sets. 

Step-up  or 
step-down 
trans- 
formers. 

Motor 

generator 

sets. 

Frequency 

changer 

sets. 

No. 

Capac- 
ity in 
kilo- 
watts. 

No. 

Capac- 
ity in 
kilo- 
watts. 

No. 

Capac- 
ity in 
kilo- 
watts. 

No. 

Capac- 
ity in 
kilo- 
watts. 

No. 

Capac- 
ity in 
kilo- 
watts. 

Corby  Bros 

2 

1,000 

2 

1, 100 

Fidelity  Storage 

1 

100 

1 

120 

American  Express 

1 

100 

1 

120 

Washington  Steel  & Ordnance  Co 

2 

600 

3 

960 

Bureau  of  Engraving  & Printing 

1 

500 

1 

550 

405  Eighth  Street  NW 

2 

1,500 

2 

1,650 

1 

500 

450  Washington  Street  NW 

5 

6, 000 

1 

140 

5 

6, 600 

1 

500 

Fifth  and  T Streets  NE 

2 

1,000 

3 

1,130 

1 

600 

Brightwood,  D.  C 

2 

1, 000 

1 

30 

2 

1,100 

Alley,  Fourteenth  and  Fifteenth  and  H 

and  I Streets  NW 

4 

4, 000 

1 

100 

4 

4,400 

1 

500 

Thirteenth  and  D Streets  NE 

2 

1,000 

2 

1,100 

Thirty- third  and  K Streets  NW 

3 

2, 000 

1 

60 

4 

3,  700 

2 

1,000 

Sherman  Avenue  and  Harvard  Street . . . 

2 

1,500 

2 

1,650 

2 

2,000 

Bennings  Road 

2 

1,500 

1 

60 

3 

5,  250 

Fourteenth  and  B Streets  NW 

3 

3, 000 

3 

3, 225 

3 

4, 600 

Anacostia 

1 

500 

1 

90 

2 

650 

Bureau  of  Standards 

1 

220 

2 

187* 

LINE  TRANSFORMERS. 


Capacity  of  each  in  kilowatts. 

Number 
in  use 
Dec.  31, 
1916. 

Capacity  of  each  in  kilowatts. 

Number 
in  use 
Dec.  31, 
1916. 

0.6 •• 

46 

15 

64 

1 

150 

20 

59 

1 5 

120 

25 

26 

2 

101 

30 

72 

2.5 

82 

40 

1 

3 

95 

75 

2 

4 

63 

150 

1 

165 

7.5 

178 

Total 

13.92 

10 

167 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  115 


Connected  load  on  Dec.  81,  1916. 


Classification. 

Alter- 

nating 

current. 

Direct 

current. 

Total 
con- 
nected 
load  in 
K.  W. 

MUNICIPAL  ABCS. 

523 

167.3 

321 

160.5 

6 

3.3 

57 

28.5 

COMMERCIAL  ARCS. 

Inclosed-  amperes  4-  watts  440.  

5 

2.2 

Inclosed;  amperes,  5;  watts,  550 

176 

93.4 

Inclosed*  amperes,  6;  watts,  500 

41 

20.5 

Photo.-  amperes,  10;  watts,  1,100  

2 

2.2 

MUNICIPAL  INCANDESCENTS. 

Tnngst.fin  lamps 

7, 697 

118 

477. 1 

Narrist  lamps  

64 

22.5 

COMMERCIAL  INCANDESCENTS. 

Carbon  lamps 

i 878.60.0 

43, 930. 0 

Tungsten  lamps 

Nernst  lamps 

9 

3.4 

Total  connected  lighting  load 

44,910.9 

POWER. 

Municipal  motors  

25. 6825 

19, 159. 4 

Total  connected  power  load 

19, 159. 4 

1 50-watt  equivalent. 


Rated  capacity  of  meters  and  number  of  each  size  in  use. 


Current. 

Number 
in  use 
Dec.  31, 
1915. 

Removed 

since. 

Installed 

since. 

Number 
in  use 
Dec.  31, 
1916. 

Voltage. 

Direct 

7, 128 
17,900 
27 
195 

851 

1,742 

1,125 

4,644 

7,402 

20,802 

27 

217 

110-220 

60-cycle. 

25-cycle. 

550-volt. 

Alternating 

Do 

Direct 

27 

49 

Total 

25,250 

2,620 

5,818 

28,448 

Note. — With  reference  to  details  of  physical  property,  such  as  overhead  lines, 
poles,  conduits,  cables,  transformers,  etc.,  we  have  adopted  the. quantities  as  ascer- 
tained by  our  consulting  engineers  on  July  1,  1916,  and  have  added  or  deducted 
from  such  ascertainment  the  additions  or  deductions  in  such  physical  property  from 
July  1,  1916,  to  and  including  December  31,  1916. 

It  has  not  been  possible  up  to  the  present  time  to  restate  the  records  of  the  company 
pertaining  to  such  physical  property. 

Record  of  output  for  year  ending  Dec.  31,  1916. 

Total  kilowatt-hours,  generated  or  purchased,  delivered  at  switchboard 


for  all  purposes . . 58,  892,  213 

Kilowatt-hours  delivered  for  street  lights 3,  550,  256 

Kilowatt-hours  sold  to  commercial  customers 38,  639,  398 

Kilowatt-hours  accounted  for 42, 189,  654 

Kilowatt-hours  unaccounted  for 16,  702.  559 


Is  electricity  sold  to  other  companies  or  to  municipal  plants;  and  if  so,  where  is 
the  current  measured  and  where  delivered?  Yes.  Measured  and  delivered  at  cus- 
tomers’ premises  in  Virginia. 


116  BALANCE  sheets  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Is  electricity  sold  for  operating  street  cars;  and  if  so,  where  is  the  current  measured 
and  where  delivered?  No.  Electricity  is  manufactured  jointly  by  this  company 
and  the  Washington  Railway  & Electric  Co.  Other  property  such  as  conduits,  over- 
head lines,  etc.,  is  also  used  jointly  as  contemplated  by  the  act  of  Congress  approved 
June  5,  1900,  thereby  preventing  duplication  and  bringing  about  much  greater  effi- 
ciency. 

DEPRECIATION. 

In  accordance  with  classification  of  accounts  prescribed  by  the  Interstate  Commerce 
Commission,  the  company  has  during  the  year  from  month  to  month  charged  to 
operating  expenses  for  repairs,  maintenance,  and  general  amortization,  sums  equal 
to  16  per  cent  of  operating  revenues,  which  sums  were  estimated  to  be  necessary 
to  cover  such  wear  and  tear,  obsolescence,  and  inadequacy  as  accrued  in  the  tangible 
electric  capital  of  the  corporation,  such  portion  of  the  life  of  intangible  fixed  capital 
as  expired  or  was  consumed,  and  the  amount  estimated  to  be  necessary  to  provide  a 
reserve  to  cover  the  cost  of  property  destroyed  by  extraordinary  casualties. 

OATH. 

City  of  Washington, 

District  of  Columbia , ss: 

WE,  THE  UNDERSIGNED,  Clarence  P.  King,  president,  and  W.  F.  Ham,  comp- 
troller, of  Potomac  Electric  Power  Co.  of  Washington,  D.  C.,  on  our  oath  do  severally 
say  that  the  foregoing  return  has  been  prepared,  under  our  direction,  from  the  original 
books,  papers,  and  records  of  said  company,  which  are  kept  in  accordance  with  the 
accounting  rules  promulgated  by  the  Public  Utilities  Commission;  that  we  have  care- 
fully examined  the  same,  and  declare  the  same  to  be  a complete  and  correct  state- 
ment of  the  business  and  affairs  of  said  company  in  respect  to  each  and  everv  matter 
and  thing  therein  set  forth ; and  we  further  say  that  no  deductions  were  made  before 
stating  the  operating  revenues  herein  set  forth,  except  those  shown  in  the  foregoing 
accounts;  and  that  the  accounts  and  figures  contained  in  the  foregoing  return  embrace 
all  of  the  financial  operations  of  said  company  during  the  period  for  which  said  return 
is  made,  to  the  best  of  our  knowledge,  information,  and  belief. 

Clarence  P.  King,  President. 

Wm.  F.  Ham. 

Subscribed  and  sworn  to  before  me  this  1st  day  of  March,  1917. 

[seal.]  J.  E.  Tenly, 

Notary  Public,  District  of  Columbia. 


CHESAPEAKE  & POTOMAC  TELEPHONE  CO. 


Name  ol  officer  in  charge  of  correspondence  with  the  commission  regarding  this 
report:  Robert  V.  Marye,  general  attorney,  15  Dey  Street,  New  York,  N.  Y. 

IDENTITY  OF  RESPONDENT. 

1.  Exact  name  of  telephone  company  making  this  report:  The  Chesapeake  & 
Potomac  Telephone  Co. 

2.  Date  of  organization:  July  2,  1883. 

3.  Under  laws  of  what  Government,  State,  or  Territory  organized?  Respondent  was 
organized  under  the  laws  of  the  State  of  New  York,  pursuant  to  an  act  entitled  “An 
act  to  provide  for  the  incorporation  and  regulation  of  telegraph  companies”  (ch.  265 
of  the  laws  of  1848),  and  the  several  acts  supplemental  thereto  or  amendatory  thereof,, 
now  embraced  in  Article  IX  of  the  transportation  corporation  law  (ch.  219  of  the  laws- 
of  1909),  the  general  corporation  law  (ch.  28  of  the  laws  of  1909),  and  the  stock  cor- 
poration law  (ch.  61  of  the  laws  of  1909). 

4.  If  a consolidated,  combined,  or  a merging  company,  name  all  constituent  and 
all  merged  companies.  The  following-named  corporations  were  consolidated  with  the- 
respondent  on  dates  mentioned:  The  Telephone  Exchange  Co.,  incorporated  February 
27,  1882,  consolidated  July  2,  1883;  The  National  Capital  Telephone  Co.,  incorporated 
June  14,  1881,  consolidated  July  2,  1883. 

The  telephone  companies  above  mentioned  were  incorporated  and  consolidated 
under  the  provisions  of  chapters  53  and  54  of  the  Code  of  Public  General  Laws  of  the- 
State  of  West  Virginia.  Agreement  of  consolidation  approved  by  the  stockholders  of 
the  consolidated  companies. 

The  properties  and  business  of  the  following  were  purchased  by  respondent  on  the 
dates  below  mentioned: 


Name  of  company. 

Date 

purchased. 

Organized  under  the  laws  of— 

Point  Pleasant  Telephone  Co 

Nov.  1,1912 
Dec.  31,1914 

State  of  West  Virginia. 

Not  incorporated. 

Williamson  Telephone  Co 

These  transactions  were  neither  mergers,  nor  consolidations  according  to  the  laws, 
of  the  State  of  West  Virginia,  but  the  properties  were  incorporated  with,  and  now 
form  part  of  that  of  the  respondent.  By  the  sale  of  their  property  the  companies 
automatically  ceased  to  exist. 

5.  Date  and  authority  for  each  consolidation,  combination,  or  merger.  See  answer 
to  question  No.  4. 

6.  If  a reorganized  company,  give  name  of  original  corporation  and  refer  to  laws 
under  which  it  was  organized  and  state  the  occasion  for  the  reorganization.  Not  a 
reorganized  company. 

7.  State  whether  or  not  the  respondent  dqring  the  year  conducted  any  part  of  its 
business  under  a name  or  names  other  than  that  shown  in  response  to  inquiry  No.  1, 
above.  No. 

Directors. 


| 

Name  of  director. 

Office  address. 

Date  of  begin- 
ning of  term. 

Date  of  expi- 
ration of 
term. 

U.  N.  Bethell 

15  Dev  Street,  New.  York,  N.  Y 

Feb.  14  1916 

Feb.  19, 191 « 
Do. 

F.  H.  Bethell 

do 

do. 

C.  J.  Bell 

American  Security  & Trust  Co.,  Washington, 
D.  C. 

do 

Do. 

M.  H.  Buehler 

108  East  Lexington  Street  Baltimore,  Md 

do 

Do. 

C.  H.  Carter 

Central  Savings  Bank  Building,  Baltimore,  Md.. 

do 

Do. 

Francis  B.  Reeves 

1631  Arch  Street,  Philadelphia,  Pa 

do 

Do. 

Thomas  J.  Shryock 

Philpot  and  Thames  Street,  Baltimore,  Md 

Do. 

117 


118  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Directors  elected  to  serve  one  year,  or  until  their  successors  have  been  chosen  and 
qualified. 

Give  the  names  (and  titles)  of  all  officers  of  the  board  of  directors  of  the  respondent 
at  the  close  of  the  year.  Chairman  of  board,  U.  N.  Bethell,  secretary  of  the  company, 
acts  as  secretary  for  the  board. 

Name  the  members  of  the  executive  committee  of  the  board  of  directors  of  the 
respondent  at  the  close  of  the  year  (naming  first  the  chairman)  and  state  briefly  the 
powers  and  duties  of  that  committee.  Members  of  the  executive  committee:  U.  N. 
Bethell,  F.  H.  Bethell,  Francis  B.  Reeves,  and  Thomas  J.  Shryock.  Powers  and 
duties:  Article  X of  by-laws  provides  that  “Except  as  may  otherwise  be  prescribed 
by  law,  the  executive  committee  shall  have  and  exercise  all  the  powers  of  the  board 
of  directors  in  the  intervals  between  the  meetings  of  the  board.” 

Principal  general  officers. 


Monthly  salary. 

Title  of  general 
officer. 

Name  of  person 
holding  office  at 
close  of  year. 

Office  address. 

Total. 

Applica- 
ble to 
District 
of  Colum- 
bia. 

President 

F.  H.  Bethell 

15  Dey  Street,  New  York,  N.  Y 

$750.00 
400. 00 

$118.35 
63. 12 

Vice  president 

H.  F.  Thurber 

do 

Vice  president 

Ford  Huntington 

do 

150. 00 

23.67 
197. 25 

Vice  president  and 

M.  H.  Buehler 

108  East  Lexington  Street,  Baltimore, 

1, 250. 00 

general  manager. 
Engineer 

P.  G.  Burton 

Md. 

do 

625. 00 

98.63 
34. 52 

Secretary 

W.  S.  Peirsol... 

1631  Arch  Street,  Philadelphia,  Pa 

do 

218.  74 

Treasurer 

. .do 

72.92 

11.51 

35.51 

General  counsel 

J.  L.  Swayze 

15  Dey  Street,  New  York,  N.  Y 

225.00 

General  attorney 

Robert  V.  Mar  ye 

do 

150.00 

23.67 
63. 12 

Auditor 

J.  R.  Y.  Savage 

108  East  Lexington  Street,  Baltimore, 

400.00 

General  auditor 

J.  S.  Wiley 

Md. 

15  Dey  Street,  New  York,  N.  Y 

175.00 

27. 62 

Chief  engineer. . . . 

E.  F.  Sherwood 

do 

150.00 

23.67 
110.  46 

General  superintend- 

W. A.  Tower 

108  East  Lexington  Street,  Baltimore, 

700.00 

ent  of  plant. 

General  superintend- 
ent of  traffic. 
General  commercial  1 

E.  Corrigan 

S.  M.  Greer 

Md. 

do | 

700.00 

833. 33 

110.46 

131.50 

superintendent.  j 

do j 

Telephone  corporations  controlled  by  respondent. 


Character  of  control. 

Name  of  active  telephone  corporation  controlled. 

Sole  or 
joint. 

How  established. 

ACTIVE. 

Per  cent. 

Chesapeake  & Potomac  Telephone  Co.  of  Baltimore 
City. 

Sole 

Stock  ownership . . 

100  Direct. 

Maryland  Telephone  Co.  of  Baltimore  City 

...do 

do 

100  Do. 

Chesapeake  & Potomac  Telephone  Co.  of  Virginia 

INACTIVE,  i 

...do 

100  | Do. 

Chesapeake  & Potomac  Telephone  Co.  of  West  Vir- 
ginia. 

...do 

do 

100  Do. 

1 

1 This  above  represents  qualifying  stock  issued  to  directors  at  the  time  the  company  was  organized  and 
was  temporarily  held  by  respondent,  but  it  has  been  disposed  of  since  Dec.  31,  1916. 

Active  nontelephone  corporations  controlled  by  respondent:  None. 

Inactive  nontelephone  corporations  controlled  by  respondent:  None. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  119 


CORPORATE  CONTROL  OVER  RESPONDENT. 

Did  any  corporation  or  corporations,  telephone  or  other,  hold  control  over  the  re- 
spondent at  the  close  of  the  year?  Yes. 

If  control  was  so  held,  state: 

(а)  The  form  of  control,  whether  sole  or  joint.  Sole  and  joint.  From  the  point 
of  view  of  the  Bell  Telephone  Co.  of  Pennsylvania,  the  control  is  sole  and  direct,  and 
from  that  of  the  New  York  Telephone  Co.  which  controls  the  Bell  Telephone  Co. 
of  Pennsylvania,  the  control  is  joint  and  indirect. 

(б)  The  name  of  the  controlling  corporation  or  corporations.  The  Bell  Telephone 
Co.  of  Pennsylvania  and  the  New  York  Telephone  Co. 

(c)  The  manner  in  which  control  was  established.  Stock  ownership. 

(d)  The  extent  of  control.  The  Bell  Telephone  Co.  of  Pennsylvania,  61.5;  New 
York  Telephone  Co.,  38.5. 

(e)  Whether  control  was  direct  or  indirect.  Direct  and  indirect. 

(/)  The  name  of  the  intermediary  through  which  control,  if  indirect,  was  established. 
The  Bell  Telephone  Co.  of  Pennsylvania. 

Did  any  individual,  association,  or  corporation  hold  control,  as  trustee,  over  the 
respondent  at  the  close  of  the  year?  No. 

VOTING  POWERS  AND  ELECTIONS. 

1.  State  the  par  value  of  each  share  of  stock.  Common,  $100  per  share. 

2.  State  whether  or  not  each  share  of  stock  has  the  right  to  one  vote.  Each  share 
has  one  vote. 

3.  Are  voting  rights  proportional  to  holdings?  Yes. 

4.  Are  voting  rights  attached  to  any  securities  other  than  stock?  No. 

5 . Has  any  class  or  issue  of  securities  any  special  privileges  in  the  election  of  directors , 
trustees,  or  managers,  or  in  the  determination  of  corporate  action  by  any  method?  No. 

6.  Give  the  date  and  state  the  purpose  of  the  latest  closing  of  the  stock  book  or 
compilation  of  list  of  stockholders  and  their  holdings  prior  to  the  actual  filing  of  this 
report  (even  though  such  date  be  after  the  close  of  the  year).  February  19,  1917, 
annual  meeting  of  stockholders. 

7 . State  the  total  voting  power  of  all  security  holders  of  the  respondent  at  the  date 
given  in  answer  to  inquiry  No.  6,  if  within  one  year  of  the  date  of  such  filing;  if  not, 
state  as  of  the  close  of  the  year.  130,000  votes,  as  of  February  19,  1917. 

8.  State  the  total  number  of  stockholders  of  record,  corresponding  to  the  answer  to 
inquiry  No.  7.  Nine  stockholders. 

9.  Give  the  names  of  the  20  security  holders  of  the  respondent  who,  at  the  date  of  the 
latest  closing  of  the  stock  book  or  compilation  of  list  of  stockholders  of  the  respondent 
(if  within  one  year  prior  to  the  actual  filing  of  this  report),  had  the  highest  voting 
powers  in  the  respondent,  showing  for  each  his  address,  the  number  of  votes  which  he 
would  have  had  a right  to  cast  on  that  date  had  a meeting  then  been  in  order,  and  the 
classification  of  the  number  of  votes  to  which  he  was  entitled,  with  respect  to  securi- 
ties held  by  him,  such  securities  being  classified  as  common  stock,  second  preferred 
stock,  first  preferred  stock,  and  other  securities,  stating  in  a footnote  the  names  of 
such  other  securities  (if  any).  If  any  such  holder  held  in  trust,  give  (in  a footnote) 
the  particulars  of  the  trust.  If  the  stock  book  was  not  closed  or  the  list  of  stockholders 
compiled  within  such  year,  show  such  20  security  holders  as  of  the  close  of  the  year. 


Name  of  security  holder. 

Address  of  security  holder. 

Number 
of  votes 
to  which 
security 
holder  was 
entitled. 

Number 
of  votes, 
classified 
with 

respect  to 
securities 
on  which 
based, 
common 
stocks. 

Bell  Telephone  Co.  of  Pennsylvania 

New  York  Telephone  Co 

1631  Arch  Street,  Philadelphia,  Pa 

15  Dey  Street,  New  York,  N.  Y 

79,965 
50,000 
i 5 

79,965 

50,000 

5 

U.  N.  Bethell 

do 

F.  H.  Bethell 

do 

1 5 

5 

C.  J.  Bell 

American  Security  & Trust  Co.,- 
Washington,  D.  C. 

108  East  Lexington  Street,  Baltimore, 
Md. 

Central  Savings  Bank  Building,  Balti- 
more, Md. 

1631  Arch  Street,  Philadelphia,  Pa 

Philpot  and  Thames  Streets,  Balti- 
more, Md. 

1 5 

5 

M.  H.  Buehler 

i 5 

1 5 

C.  H.  Carter 

1 5 

1 5 

Francis  B.  Reeves 

15 

5 

Thomas  J.  Shryock 

1 5 

5 

Qualifying  stock  held  by  directors. 


120  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


State  the  total  number  of  votes  cast  at  the  latest  general  meeting  for  the  election  of 
directors  of  the  respondent.  One  hundred  and  thirty  thousand  votes  cast. 

Give  the  date  and  place  of  such  meeting.  February  19,  1917;  195  Broadway,  New 
York,  N.  Y. 

Guaranties  and  suretyships : None. 


Comparative  general  balance  sheet.. 

ASSETS. 


Balance  at 
beginning  of 
year. 


$9,016,020.  76 
19,313. 19 
6,106,811.78 
12,  796, 736.  73 

50,728.96 


27,989,611. 42 


125,014. 46 
16,625.  00 
20.000.00 
190,329.  68 
198, 554. 80 
11,859.29 


77,276.70 
13,929. 92 


653,589.85 


217,040.73 
19, 747. 83 
101.38 


236,889. 94 


28,880,091.21 


Item. 


INVESTMENT. 

Fixed  capital  installed  since  Dec.  31, 1912 

Construction  work  in  progress 

Investment  securities 1 2 $6, 026, 811. 78 

Advances  to  system  corporations  for  con- 
struction, etc 1 12, 884, 000. 00 

Miscellaneous  investments 

Total  investment 

WORKING  ASSETS  AND  ACCRUED  INCOME. 


Cash  and  deposits 1 $382, 328. 92 

Employees’  working  funds 1 18, 500. 00 

Bills  receivable 


Due  from  subscribers  and  agents 

Accounts  receivable  from  system  corporations 

Miscellaneous  accounts  receivable 

Matured  interest  and  dividends  receivable 

Materials  and  supplies 

Unmatured  interest,  dividends,  and  rents  receivable 

Total  working  assets  and  accrued  income 

DEFERRED  DEBIT  ITEMS. 

Sinking  fund  assets 1 $253,993. 83 

Prepayments 

Other  suspense 

Total  deferred  debit  items 

Grand  total 


Balance  at 
close  of 
year. 

Net  change 
during 
year  (in- 
crease in 
roman,  de- 
crease in 
italic). 

$9,337,265. 42 
47, 793. 79 
6,026,811.78 

$321,244. 66 
28, 480. 60 
2 80,000.00 

12,884,000.00 

50,728.96 

87,263.27 

28,346,599.95 

356,988. 53 

382,328.92 

18,500.00 

| 

257,314. 46 
1,875.00 
20,000.00 
10,355.53 
93,863.74 
2,008.30 
52, 152.  78 
83,833. 29 
28,840. 08 

200,685. 21 
105, 191. 06 
9,850.99 
52, 152.  78 
161,109. 99 
42,770.00 

972,588.95 

318,999. 10 

253,993.83 
12,205. 22 
1,872.55 

36,953. 10 
7,542.61 

1,771. 17 

268,071.60 

31,181.66 

29,587,260.50 

707,169.29 

LIABILITIES. 


$13,000.000. 00 


1,291,000. 00 
11,825,000.00 


13,116,000. 00 


48, 853.33 
484. 95 
117,414.15 
4, 711.18 


1, 125.  71 
5.50 
45,938. 45 
58,981.36 


277, 514.  63 


STOCKS. 

Capital  stock 

$13,000,000.00 

t LONG-TERM  DEBT. 

Funded  debt 3 $1, 291, 000. 00 

1,291,000.00 

11,875,000.00 

Advances  from  system  corporations  for  con- 
struction, etc 3 11,875,000.00 

Total  long-term  debt 

$50,000.00 

13, 166,000.00 

50,000.00 

WORKING  LIABILITIES  AND  ACCRUED  LIABILITIES. 

Audited  vouchers  and  wages  unpaid 

37,570. 64 
1,214.88 
113, 159.  46 
3,895. 49 
48,229.17 
2, 169. 67 

101, 379.’ 66 
234,043.73 

11,282.69 
729. 93 
4,254.69 
815.69 
48,229.17 
1,043. 96 

Subscribers’  deposits 

Accounts  payable  to  system  corporations 

Miscellaneous  accounts  pavable 3 $3,895. 49 

Matured  interest,  dividends,  and  rents  unpaid 

Service  billed  in  advance 

Other  current  liabilities 

Taxes  accrued 

55, 441. 21 
175,062.37 

Other  accrued  liabilities  not  due 

Total  working  liabilities  and  accrued  liabilities 

541,668.20 

264, 153. 57 

1 Total  book  assets  at  close  of  year. 

2 Due  to  adjustment  on  account  of  transferring  part  of  original  charge  made  in  1915,  to  extraordinary 
repairs. 

3 The  fixed  capital  accounts  were  classified  prior  to  January  1,1913,  to  conform  to  the  classification  follow- 
ing and  the  entire  fixed  capital  is  reported  under  this  schedule. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  121 


Comparative  general  balance  sheet — Continued. 

LIABILITIES— Continued. 


Balance  at 
beginning  of 
year. 

Item. 

Balance  at 
close  of 
year. 

Net  change 
during 
year  (in- 
crease in 
roman,  de- 
crease in 
italic). 

$1,855,192.93 

42,208.82 

85,254.03 

DEFERRED  CREDIT  ITEMS. 

Reserved  for  accrued  depreciation — Cr 

Reserved  for  amortization  of  intangible  capital — Cr 

Liability  on  account  of  provident  funds 

Total  deferred  credit  items 

UNAPPROPRIATED  SURPLUS. 

Corporate  surplus  unappropriated  (credit  balance).. 

Grand  total 

$2,149,500. 71 
47,703.35 
85,254.03 

$294,307. 78 
5, 494. 53 

1,982, 655. 78 

2,282,458.09 

299,802. 31 

503,920.80 

597, 134. 21 

93,213. 41 

28,880,091.21 

29,587,260.50  ! 707,169.29 

Memorandum  of  securities  included  in  “Fixed  capital  installed  prior  to  January 
1,  1913,”:  None. 

Entire  fixed  capital. 


Name  of  subaccount. 

Balance  at 
beginning 
of  year. 

Charges  for 
capital 
added  dur- 
ing year. 

Credits 
made  to 
subaccount 
during  year. 

Balance  at 
close  of  year. 

Right  of  wav 

Land 

$32,450.57 

$4,953.49 

$567.24 

$36, 836. 82 

91 . 809.  .88 

62.20 

91,871.58 

584,281.80 

Buildings 

585,903.29  i 1,621.49 

Land  and  buildings 

Central  office  telephone  equipment 

Other  equipment  of  central  offices 

Central  office  equipment 

Station  apparatus 

Station  installations 

Interior  block  wires 

Private-branch  exchanges 

Booths  and  special  fittings 

Station  equipment 

Exchange  pole  lines 

Exchange  aerial  cable 

Exchange  aerial  wire 

Exchange  underground  conduits 

Exchange  underground  cable 

Exchange  submarine  cable 

677,712.67 

1 1,559.29 

676,153.38 

1,115,314.92 

19,831.34 

39,333.55 
1,  844. 63 

23, 145.53 
206.41 

1,131,502.94 

21,469.56 

1, 135,146.26 

41,178.18 

23,351.94 

1,152,972.50 

395, 168.  89 
241,000.00 
8,150.43 
313, 389. 56 
29,113.97 

98, 682.20 
35, 519. 59 
5,  746. 78 
48, 537. 51 
7,245.21 

79,  869. 30 
28, 603. 72 

6. 244.13 
27,538.06 

7.594.14 

413,981.79 
247, 915. 87 
7,  653.08 
334, 389.01 
28,765.04 

986,822.85 

195,731.29 

149, 849. 35 

1,032,704.79 

146, 777.64 
122, 508. 16 
427, 894. 63 
1,427,119.69 
1, 245, 107. 51 
1,819.08 
6,  441.17 
265.  76 
21,-909. 30 
8, 406. 52 
4, 192. 00 

11,360.64 
10,805.26 
41,371.29 
27, 331.69 
74,  703.17 

12,749.86 
12, 294. 42 
37, 976. 82 
222. 16 
24, 486. 02 

145,388.42 
121,019.00 
431.289.10 
1, 454, 229. 22 
1,295,324.66 
1,819.08 
6, 441.17 
265.76 
23,352.36 
8,  406.52 
17,710.28 

Toll  pole  lines 

Toll  aerial  cable 

Toll  aerial  wire 

1,443.06 

Toll  underground  conduit 

Toll  underground  cable 

13, 518. 28 

Office  furniture  and  fixtures .* 

General  store  equipment 

General  stable  and  garage  equipment 

General  tools  and  implements 

General  equipment 

Total  District  of  Columbia 

Total  outside  District  of  Columbia 

Total 

15,639.21 
908.49 
21,  782. 72 
10,144.26 

2,497.80 
311.41 
10, 978.37 
2,394.35 

1,814.45 

103-93 

749.36 

2,535.99 

16, 322. 56 
1,115.97 
32,011.73 
10,002.62 

48,474.68 

16,181.93 

5, 203. 73 

59, 452. 88 

6,293,048.49 
2,  722,972.27 

437, 018.99 
289,128.33 

266,701.54 
138, 201.12 

6, 463, 365. 94 
2, 873, 899. 48 

9,016,020.  76 

726,147.32 

404,902. 66 

9, 337,265.42 

1 Due  to  adjustment  on  account  of  transferring  part  of  original  charge  made  in  1915  to  extraordinary 
repairs. 


122  balance  sheets  public  utilities  DISTRICT  OF  COLUMBIA, 


Summary  of  fixed  capital. 


Credits  made  during  year. 

Fixed  capital  account. 

Balance  at 
beginning 
of  year. 

Charges 

for 

capital 

added 

during 

year. 

Charged 

to 

reserve 

for 

depre- 

ciation. 

Charged 

to 

reserve 

for 

amorti- 
zation of 
intan- 
gible 
capital. 

Charged 
to  cor- 
porate 
surplus 
or 

deficit. 

1 

Charged 
to  other 
accounts. 

Balance  at 
close  of  year. 

District  of  Columbia 

Outside  District  of  Co- 

$6,293,048.49 

$437,018.99 

$98,399. 43 

$567. 24 

1$167,734.87 

$6, 463,365. 94 

lumbia  

2,722,972.27 

289, 128.33 

63, 705. 58 

1,550.55 

$366.37 

72,578.62 

2,873,899.48 

Total 

9,016,020. 76 

726,147.32 

162, 105. 01 

2, 117. 79 

366.37 

240, 313. 49 

1 9,337,265.42 

1 

1 Amount  representing  the  cost  of  station  equipment  charged  to  account  607,  station  renmals  and 
changes, and  credited  to  proper  fixed  capital  accounts,  $56,746.95;  salvage  on  fixed  capital  retired,  $110,987.92; 
total,  District  of  Columbia,  $167,734.87. 


Summary  of  securities  owned. 


Kind  of  securities  held. 


Securities  of  other  corporations 
not  assumed  by  respondent. 


Companies  affiliated  with  re- 
spondent: 

Telephone  corporations — 
Activi 


ictive. 

Inactive. 


Total. 


Nonaffiliated  companies: 

Telephone  corporations, 

active 

Other  corporations,  active. 

Total  for  nonaffiliated 
companies 


BONDS. 

Nonaffiliated  companies: 

Telephone  c o r p o r ations, 
active 


Recapitulation  of  securities  of 
other  corporations  not  assumed. 

Stocks  of  companies  affiliated 
with  respondent 


Stocks  of  nonaffiliated  com- 
panies  

Funded  debt  of  nonaffiliated 
companies 


Total  securities  of  nonaf- 
filiated companies 


Grand  total. 


Securities  held  unencum- 
bered. 


Par  value. 


$5, 257,000 
5,000 


$6,011, 311.78 
5,000.00 


5,262,000 


500 


500 


10, 000 


5, 262,000 


500 

10,000 


10,500 


5, 272, 500 


Book  value. 


6,016,311.78 


500.00 


500.00 


Securities  held  in 
sinking  and  other 
special  funds. 


Par 

value. 


$187,000 


187, 000 


10,000.00 


6, 016,311.78 


500.00 

10,000.00 


10, 500  00 


6,026,811.78 


187,000 


187,000 


187,000 


Book 

value. 


$185,062 


185,062 


Total  securities  owned. 


Par  value. 


$5, 257, 000 
5,000 


5, 262,000 


Book  value. 


$6, 011,311.78 
5,000.00 


6,016,311.78 


500  500.00 

187,000  185,062.00 


187,500  , 185,562.00 


10,000  | 10,000.00 


5, 262, 000 


185,062 


185, 062 


185,062 


187, 500 

10,000 


197, 500 


5, 459, 500 


6, 016,311.78 


185, 562.00 
10,000.00 


195, 562.00 


6, 211,873.78 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTKICT  OF  COLUMBIA.  123 


Investments  in  securities  of  telephone  companies  affiliated  with  respondent. 


Unpledged. 

Class 

No. 

Name  of  issuing  company  and  description  of  security  held. 

Par  value 
of  amount 
held  at  close 
of  year. 

Book 
value  at 
close  of 
year. 

A-l 

200  shares  of  common  stock  of  the  Chesapeake  & Potomac  Telephone 
Co.  of  Baltimore  City  1 

$10, 000. 00 

$10,000. 00 

A-l 

42,470  shares  of  common  stock  of  the  Chesapeake  & Potomac  Tele- 
phone Co.  of  Virginia;  dividend  rate,  4 per  cent 

4,247,000.00 

5,001,311.78 

A-l 

10,000  shares  of  common  stock  of  the  Maryland  Telephone  Co.  of  Balti- 
more City  1 

1,000,000. 00 

1,000,000.00 

6,011,311.78 

Total  class  A-l 

5,257,000. 00 

A-2 

50  shares  of  common  stock  of  the  Chesapeake  & Potomac  Telephone 
Co.  of  West  Virginia  1 

5,000. 00 

5,000. 00 

Grand  total 

5,262,000.00 

6,016,311.78 

1 No  dividends  paid. 


Investments  in  securities  of  nontelephone  companies  affiliated  with  respondent: 

None. 

Investments  in  securities  of  nonaffiliated  companies. 


Unpledged. 

Class 

No. 

Name  of  issuing  company  and  description  of  security  held. 

Par  value 
of  amount  | 
held  at  close 
of  year. 

Book 
value  at 
close  of 
year. 

A-l 

50  shares  of  common  stock  of  the  Romney  Consolidated  Telephone  Co.1 . . 

$500 

$500 

B-l 

io  notes  of  $1,000  each  of  the  Wythe  Mutual  Telephone  Co.,  dated  July  1, 
1915,  due  July  1,  1935;  interest,  6 per  cent 

10,000 

10,000 

Grand  total 

10, 500 

10,500 

1 No  dividends  paid. 


Securities  and  other  intangibles  owned  or  controlled  through  nonreporting  sub- 
sidiaries: None. 

Long-term  advances  to  other  companies. 


Name  of  debtor  company. 

Amount  of  unpaid  ad- 
vances (including  in- 
terest) at  beginning 
of  year. 

, Advances 
made  dur- 

Interest accrued 
during  year. 

Principal. 

Interest. 

ing  year. 

• 

Rate  per 
cent  per 
annum. 

Amount. 

Chesapeake  & Potomac  Telephone  Co.  of 
Baltimore  City 

$9,900,000.00 
2,165,000. 00 

725, 000. 00 

$98,287.50 

$525,000. 00 
; 109,000.00 

Per  cent. 

6 

$605, 437. 50 
131, 517. 50 

Maryland  Telephone  Co.  of  Baltimore  City . . 
Chesapeake  & Potomac  Telephone  Co.  "of 
Virginia 

6 

3,825.00 

33. 69 

300,000.00 

5 

19, 333. 28 

122. 37 

Southern  Bell  Telephone  & Telegraph  Co.  of 
Kentucky 

6, 736. 73 

6 

Chesapeake  & Potomac  Telephone  Co.  of 
West  Virginia 



60, 000. 00 

6 

910. 00 

Total 

12, 796, 736.  73 

102, 146. 19 

l 994,000.00 

757, 320.  65 

i 


124  balance  sheets  public  UTILITIES  DISTRICT  OF  COLUMBIA, 


Long-term,  advances  to  other  companies — Continued. 


Name  of  debtor  company. 


Chesapeake  & Potomac  Telephone  Co.  of  Baltimore 

City 

Maryland  Telephone  Co.  of  Baltimore  City 

Chesapeake  & Potomac  Telephone  Co.  of  Virginia.. 
Southern  Bell  Telephone  & Telegraph  Co.  of  Ken- 
tucky  

Chesapeake  & Potomac  Telephone  Co.  of  West  Vir- 
ginia   

Total 


Repayments  made  by 
debtor  during  year. 

1 

Amount  of  unpaid  ad- 
vances (includmg  inter- 
est) at  close  of  year. 

t Principal. 

Interest. 

Principal. 

! 

Interest. 

1 

£50, 000. 00 

£652,650.00 
131,517.50  1 
22,380.50 

156. 06 

610.00 

£10,375,000.00 
2, 274,000. 00 
175,000.  00 

£51,075.00 

850,666.66 
6, 736. 73 

777. 78 

60, 000. 00 

300.00 

906,736.73 

807,314.06 

12, 884, 000.  00 

52, 152. 78 

MISCELLANEOUS  INVESTMENTS. 

Land  and  building  located  in  the  city  of  Washington,  D.  C.,  and  designated  on  the 
municipal  records  as  lot  No.  11  in  square  No.  288  on  the  east  side  of  Thirteenth  Street 
between  G and  H Streets,  NW. ; not  used  for  operating  purposes  of  the  respondent. 
Date  of  acquisition,  December  15,  1908.  Actual  money  cost  to  respondent:  The  above 
described  property  was  acquired  from  the  American  Telephone  & Telegraph  Co., 
together  with  other  real  estate  in  the  city  of  Washington,  D.  C.,  valued  at  $1,370,453.75, 
in  exchange  for  which  $1,300,000  par  value  of  capital  stock  and  $70,453.75  cash  was 
given.  The  above  described  property  was  listed  at  the  time  of  acquisition  at  a value 
of  $50,707.50.  The  difference  between  this  amount  and  that  carried  on  respondent’s 
books  represents  additions  to  this  property  since  date  of  acquisition.  Amount  at 
which  carried  on  respondent’s  books  at  close  of  year,  $50,728.96. 

Cash  and  special  deposits. 


Name  of  depositary. 

[ Amount 

Purpose  of  deposit.  at  close  of 

1 year. 

Collector  of  taxes  for  the  District  of  Columbia. . 

American  Security  & Trust  Co.,  Washington. 
D.  C. 

District  of  Columbia 

To  indemnify  the  District  of  Columbia 
against  loss  due  to  resurfacing  streets  in 
connection  with  the  construction  and  main- 
tenance of  the  respondent’s  plant. 

! Advance  payment  to  trustee  of  bond  interest 
due  Jan.  1,  1917. 

£1,000.00 

32, 275. 00 

33, 275. 00 
60. 00 

Outside  of  District  of  Columbia j 

Total  special  deposits 

33,335.00 

348,993.92 

Cash  on  hand  and  in  banks,  available  for  gen-  ; 
era!  corporate  purposes. 

Total  cash  and  special  deposits 

382,328.92 

Employees'1  working  funds. 


Name  of  custodian  of  fund. 

Purpose  of  fund. 

Amount 
at  close  of 
year. 

J.  H.  FitzGerald,  Washington,  D.  C 

Working  funds  from  which  certain  expendi- 
tures are  to  be  made  and  accounted  for. 
do 

£1, 700 

1, 800 
800 

S.  O.  Ford,  Washington,  D.  C 

One  minor  fund  less  than  £1,000 

District  of  Columbia 

4,300 
14, 200 

Outside  of  District  of  Columbia 

Total 

18,500 

Debtor: 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  125 

Bills  and  accounts  receivable  at  the  close  of  year. 

MISCELLANEOUS  ACCOUNTS  RECEIVABLE. 

^4  089  g2 

Sundry  debtors  each  owing  $1,000  or  less p»  _ 

Total 

Accounts  receivable  from  system  corporations. 


9.  850.  99 


Name  of  debtor. 

Character  of  transaction. 

Amount 
at  close  of 

year. 

Chesapeake  & Potomac  Telephone  Co.  of 
Baltimore  City.  _ , , ~ 

Chesapeake  & Potomac  Telephone  Co.  of  Vir- 
ginia. 

m nn  f 1 a»yi  ant  ouH  ■mi'sPPllflTlftOllS 

$75,085. 43 

22, 506. 51 

Tramc  sgi iiGnieiii  duu.  

1, 170. 07 

Bluefield  Telephone  Co 

Limestone  Telephone  Co. . ... ....  ••••■• 

Traffic  settlement  and  rental  of  attachments. 

2, 272.  70 
4,156.35 

Sundry  debtors  each  owing  $1,000  or  less 

105, 191.06 

Marketable  securities:  None. 


SINKING  FUND  ASSETS. 


Name  of  fund:  The  Chesapeake  & Potomac  Telephone  Co.,  consolidated  mortgage  5 

Pei)esecnripbtion  oTobl^ltionto  be  redeemed  through  operation ^oi lund:  The ^Chesapeake 
& Potomac  Telephone  Co.  consolidated  mortgage  5 per  cent  bonds  due  July  1,  1929. 
Name  of  trustee  of  fund:  The  American  Security  & Trust  Co.,  Washington,  D.  C. 


Balance  in  fund  at  beginning  of  year. 


$217,040.73 


Additions  to  fund  during  year: 

10,  653.  33 

lnc 

ome  irom  iuvcbuucuu  ux  

25,  820. 00 

uasn  appropriations  to  

479. 77 

U Ll 

id  auuiiiuuo  iw  

36,  953. 10 

4 

'otal  additions  to  fund 

253,  993.  83 

Balanci 

3 in  fund  at  close  of  year. 

65,  843. 50 

Uasn  m tuna  umnvesicu  au  0100c  w 

Names  of  securities  and  other  investments  in  fund  at  close  of  year. 

Other  securities  held  in 
fund  at  close  of  year. 

Class. 

Par  value. 

Book  value 

A-3 

1 700  shares  of  the  4 per  cent  corporate  stock  of  the  city  of  Baltimore 

$170,000 

$167, 450 

A-3 

($70,000  due  1951,  $100,000  aue  iyui;.  — - • r>f  "Raitimorp 

170  shares  of  the  4 4 per  cent  corporate  stock  of  the  city  of  Baltimore 

17,000 

17,612 

187,000 

185,062 

accrued  but  not  due  on  investment  held  in  fund,  $3,088.*i. 

Insurance  and  other  reserve  fund  assets:  None. 

Provident  fund  assets:  None. 

Discounts  and  premiums  on  securities  outstanding:  IN  one. 

Other  suspense — book  value  of  item  at  close  of  year. 

Minor  items,  9 in  each  less  than  $1,000 $1,  872.  55 


126  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Capital  stocks. 


Common  stock,  authorizations  closed  prior  to  present  year: 

Par  value  of  amount  authorized 

(See  note  B.) 

Par  value  of  total  amount  actually  issued  to  close  of  year 

Par  value  of  amount  actually  outstanding  at  close  of  year.  * * * .....  ’ [ ’ 
Stocks  actually  issued  prior  to  present  year — 

Par  value 

(Complete  information  not  available;  see  Note  A.) 

Rates  and  dates  of  declaration  of  dividends  during  year  (including 
rate  per  cent  per  annum  and  dates  of  maturity  of  interest  on  de- 
benture stock,  if  any):  per  cent  dividends  declared  Mar.  30 

June  29,  Sept.  28,  and  Dec.  28,  1916. 

Amount  of  dividends  declared  during  year 

Amount  of  dividends  paid  during  year 

Amount  of  dividends  declared  but  not  yet  due  at  close  of  year .* 

Note  A. 


$13,  000, 000 

13,  000,  000 
13,  000,  000 

13,  000,  000 


780,  000 
585,  000 
195,  000 


Aug.  1,  1883,  purchase  of  property  of  the  National  Capital  Telephone 

Co.  and  the  Telephone  Exchange  Co 

Dec.  15,  1908:  

Purchase  of  real  estate  (real  estate  in  the  District  of 
Columbia  purchased  from  American  Telephone  & 

Telegraph  Co.;  stock  and  bonds  of  the  Marvland 

Telephone  Co.  of  Baltimore  City) $1,  300,  000.  00 

Purchase  of  securities  and  accrued  interest 870,  083.  33 

Retirement  of  respondent’s  notes 7 471’  076.  57 

Accrued  interest  on  notes ’ 105’  766  67 

Cash 603,073.43 


$2,  650, 000.  00 


10,  350,  000.  00 


Total 13,000,000.00 

Note  B — The  total  authorized  capital  stock  is  $15,000,000,  approved  by  the  stock- 
o?  ^°Y'  ^’.-^08;  which  amount  was  acted  upon  by  the  board  of  directors,  Nov. 
v ’ i ' A’  arT  certificate  filed  with  and  approved  by  the  secretary  of  state  of  New 
York,  but  further  acts  of  approval  are  necessary  before  any  additional  amounts  of 
stock  may  be  issued. 

Purposes  of  open  authorizations  and  particulars  of  authorizations  closed  during  the 
year:  JNone.  & 

Stock  liability  for  conversion  of  securities:  None. 


_r  Summary  statement  of  unmatured  funded  debt. 

Mortgage  bonds: 

Amount  actually  outstanding  at  close  of  year $1,  291,  000 

Interest  liability  at  close  of  year  on  actually  outstanding  debt — 

interest  accrued  not  due 

Interest  during  year  on  actually  outstanding  debt- 

interest  accrued 

Interest  paid *’’]*[ 

SECURITY  FOR  UNMATURED  FUNDED  DEBT. 

Designation  of  mortgage,  pledge,  or  other  lien:  Consolidated  mortgage. 

Plant  and  equipment  mortgaged:  All  real  estate  and  telephone  property  in  the 
District  of  Columbia  owned  by  respondent. 

See  page  125  for  particulars  of  sinking  fund . 

THE  CHESAPEAKE  & POTOMAC  TELEPHONE  CO.  CONSOLIDATED  MORTGAGE  5 PER  CENT 

BONDS. 

It  is  further  covenanted  and  agreed  by  the  telephone  company  that  said  company, 
party  hereto  of  the  first  part,  shall  and  will  create  a sinking  fund  for  the  purchase  or 
payment  of  the  bonds  hereby  secured,  by  setting  aside  for  and  paying  to  the  trustee, 
ParJ'heret0  of  the  second  part,  semiannually,  on  the  15th  day  of  January  and  the 
15th  day  of  July  in  each  and  every  year  commencing  January  1,  1901,  a sum  of  money 
equal  in  amount  to  1 per  cent  of  so  much  of  the  said  $1,500,000  as  may  be  issued 


32,  275 

64,  550 
64,  550 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  127 

and  then  outstanding,  being  at  the  rate  of  2 per  cent  per  annum,  payable  semiannu- 
ally as  aforesaid . The  trustee  shall  and  will , if  and  when  by  the  telephone  company 
directed  so  to  do,  invest  the  then  amount  of  the  fund  created  by  the  sums  so  set  aside 
and  paid  in,  and  the  accumulations  thereof,  in  such  securities  or  property  as  shall 
be  satisfactory  to  the  telephone  company.  Any  securities  or  property  which  shall 
be  so  purchased  with  any  of  the  moneys  so  set  aside  for  and  paid  into  such  sinking 
fund,  or  with  the  accumulations  thereof,  shall  come  under  and  be  subject  to  the  lien 
of  this  deed  of  trust,  and  shall  by  the  trustee  be  held  for  and  applied  to  the  purposes 
of  the  trust  hereby  created,  except  that  if  any  bonds  secured  hereby  shall  have  been 
so  purchased  such  bonds  shall  be  canceled  forthwith. 

Unmatured  funded  debt. 

Consolidated  mortgage  5 per  cent  bonds: 

Nominal  date  of  issue,  July  1,  1899. 

Date  of  maturity,  July  1,  1929. 

Interest  provisions — 

Rate  per  cent  per  annum,  5 per  cent. 

Dates  due,  January  1 and  July  1. 


Par  value  of  extent  of  indebtedness  authorized $1,  500,  000 

Par  value  of  evidences  of  debt — 

Actually  issued  to  close  of  year 1,  500,  000 

Reacquired  after  actual  issue  and  canceled 209,  000 

Actually  outstanding  at  close  of  year 1,  291, 000 

Evidences  of  debt  actually  issued  prior  to  present  year — par  value  of 

total  amount 1,  500,  000 

Amount  of  interest  accrued  during  year  charged  to  income 64,  550 

Amount  of  interest  paid  during  year 64,  550 

Interest  liability  at  close  of  year,  accrued  not  yet  due 32,  275 


Purposes  for  which  bonds  and  other  evidences  of  funded  debt  were  issued  or  as- 
sumed during  the  year:  None. 

Receiver’s  certificates:  None. 


Long-term  advances  'payable. 


128  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  129 


Sundry  working  liabilities. 


Name  of  creditor  or  of  obligation. 

Character  of  transactions  involved. 

Credit  bal- 
ance at 
close  of 
year. 

ACCOUNTS  PAYABLE  TO  SYSTEM  CORPORA- 
TIONS. 

Traffic  settlement  and  miscellaneous 

$61,688.75 
49,168.17 
1,692.67 
609. 87 

Western  Electric  Co.  (Inc.) 

Supplies 

New  York  Telephone  Co 

Services,  expenses,  and  miscellaneous  .1 

Minor  accounts,  17  in  number,  each  less  than 

$1,000. 

Total 

113, 159.46 

MISCELLANEOUS  ACCOUNTS  PAYABLE. 

Western  Union  Telegraph  Co 

Balance  due  in  settlement  of  telegrams  tele- 

3,526.33 

Minor  accounts,  230  in  number,  each  less  than 

phoned  over  the  lines  of  respondent,  col- 
lection for  which  was  made  by  the  respon- 
dent, month  of  December,  1916. 

369. 16 

.$1,000. 

Total  

3,895.49 

OTHER  CURRENT  LIABILITIES. 

One  minor  account,  less  than  $1,000 

5.50 

Reserve  for  accrued  depreciation. 


Debit  item. 

Amount. 

Credit  item. 

Amount. 

Amount  of  “ Repairs  charged  to  re- 
serves’ ’ 

Retirement  of  tangible  fixed  capital . . . 
Adjustment  of  reserve,  for  deprecia- 
tion on  used  supplies— Cr 

Balance  at  close  of  year 

Total 

$67, 138. 79 

185,982.31 

1,863. 00 
2, 149,500.71 

Balance  at  beginning  of  year 

Amount  charged  for  “ Depreciation 

of  plant  and  equipment’  ’ 

Depreciation  charges  in  “Stable  and 

garage  expense” 

Depreciation  charges  in  tool  expense . 
Depreciation  charges  in  “Supply  ex- 
pense”  

Total 

$1,855,192.93 

539,130.47 

5,691.32 

4,276.62 

193. 47 

2,404,484.  81 

2,404,484.81 

Reserve  for  amortization  of  intangible  capital. 


Debit  item. 

Amount. 

Credit  item. 

Amount. 

Expiration  or  relinquishment  of  in- 
tangible capital 

Balance  at  close  of  year 

Total 

$2,117.79  | 
47,703.35  1 

Balance  at  beginning  of  year 

Amount  charged  for  “Amortization 
of  landed  capital” 

Total 

$42,208.82 

7,612.32 

49,821.14  i 

49,821.14 

Analysis  of  expiration  and  relinquishment  of  intangible  capital:  No  individual 
item  charged  to  account  reserve  for  amortization  of  intangible  capital  exceeded  $500. 

H.  Doc.  2038,  64-2 9 


130  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA, 


Bases  of  charges  for  depreciation  and  amortization  of  capital. 


[The  amounts  of  the  annual  depreciation  and  amortization  charges  are  determined  by  applying  the  annual 
rates  of  depreciation  an  1 amortization  given  in  the  scheiule  below  to  the  average  annual  amounts  is 
the  corresponding  fixel  capital  accounts.] 


Fixed  capital  account. 

Estimated 

average 

life 

(years). 

Net  recov- 
ery  value 
! (per  cent 
of  first 
cost). 

Annual 
rate  of  de- 
preciation 
(per  cent  of 
first  cost). 

24.0 

38 

2.6 

Central  office  equipment: 

8.3 

17 

10.0 

10.0 

10.0 

Station  equipment: 

Station  apparatus— Station  installations  (taken  care  of  by 

9.0 

10 

10.0 

8.0 

20 

1 7.5 

9.0 

10 

10.0 

9.0 

10 

10.0 

10.5 

9.5 

Exchange  aerial  cable: 

Cable 

12.0 

30 

5.8 

10.0 

10,0 

6.22 

Exchange  aerial  wire: 

14.0 

30 

5.0 

8.5 

2 16 

13.7 

6.5 

30 

i 8.9 

8.90 

Exchange  underground  conduit: 

Main 

50.0 

2.0 

Subsidiary 

15.0 

6.7 

Average 

3.31 

Exchange  underground  cable: 

Main 

20.0 

40 

3.0 

Subsidiary 

13.0 

25 

5.8 

Terminals 

10.0 

10.0 

Average 

3.93 

Exchange  submarine  cable 

9.0 

11.1 

Toll  pole  lines 

16.0 

6.2 

Toll  aerial  cable: 

Cable 

12.0 

30 

5.8 

Loading  coils 

20.0 

5.0 

Average 

5.8 

Toll  aerial  wire: 

Copper 

30.0 

35 

2.2 

Iron 

15  0 

2 16 

2.7 

Loading  coils 

20.0 

5.0 

Average 

* 

3.23 

Toll  underground  conduit 

50.0 

2.0 

Toll  underground  cable: 

Cable 

25  0 

40 

2.4 

Loading  coils 

20.0 

5.0 

Average 

3. 16 

Toll  submarine  cable 

9.0 

11.1 

General  equipment: 

Office  furniture  and  fixtures 

10.0 

10.0 

General  shop  equipment 

10.0 

10.0 

General  store  equipment 

10.0 

4.5 

10.0 

General  stable  and  garage  equipment 

10 

20.0 

General  tools  and  implements 

4.0 

20 

20.0 

1 A portion  of  the  loss  is  taken  care  of  by  charges  to  account  station  removals  and  changes.  2 Minus. 


Annual  rate  for  amortization  of  landed  capital  carried  in  account  “Right  of  way. 


Estimated 

average 

life 

(years) 

Net  recov- 
ery value 
(percent  of 
first  cost). 

Annual 

rate. 

Exchange  right  of  way 

16.6 

Per  cent. 

6 

Toll  right  of  way 

33.3 

3 

Analysis  of  charges  made  during  the  year  to  reserve  for  accrued  depreciation  on  account  of  tangible  fixed  capital. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


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132  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


SUNDRY  DEFERRED  CREDIT  ITEMS. 

Liability  on  account  of  provident  funds:  Plan  for  employees’  pensions,  disability 
benefits,  and  death  benefits. 

Credit  balance  at  close  of  year,  $85,254.03. 


Corporate  surplus  or  deficit  account. 


Item. 

Debits. 

Credits. 

Credit  balance  at  beginning  of  year 

$503,920.80 
166,768.46 
' 110. 14 

Credit  balance  transferred  from  income 

Miscellaneous  additions  to  surplus 

Amortization  unprovided  for  elsewhere 

' $366.37 
64,312.09 
8,986. 73 
597, 134. 21 

Miscellaneous  appropriations  of  surplus 

Other  deductions  from  surplus 

Balance  carried  forward  to  credit  side  of  balance  sheet 

Total 

670,799.40 

670,799.40 

Dividends  declared  during  the  year. 


Name  of  security  on  which  dividend  was 
declared. 

Regular 

rate. 

Par  value 
of  amount 
on  which 
dividend 
was  de- 
clared. 

Dis- 
tribution 
oi  charge, 
income. 

Date. 

Declared. 

Payable. 

Common  stock 

Per  cent. 

If 

1J 

1* 

$13,000,000 

13.000. 000 

13.000. 000 
13;  000, 000 

$195,000 
195, 000 
195,000 
195,000 

Mar.  30,1916 
June  29,1916 
Sept.  28, 1916 
Dec.  28,1916 

Apr.  12,1916 
July  12,1916 
Oct.  12,1916 
Jan.  12,1917 

Do 

Do 

Do 

Total  

780,000 

No  obligations  of  any  kind  were  incurred  in  connection  with  the  payment  of  divi- 
dends during  the  year  1916. 


Income  account  for  the  year. 


Item. 

Amount 
applicable  to 
the  year. 

Comparison 
with  preced- 
ing year  (in- 
crease in 
roman,  de- 
crease in- 
italic). 

I.  OPERATING  INCOME. 

Telephone  operating  revenues 

$1,947,780.93 

1,123,163.17 

$72,481.40 

55,861.35 

Telephone  operating  expenses  

Net  telephone  operating  revenue 

824,617.76 

16,620.05 

Uncollectible  operating  revenues  . ................... 

17,587.26 

114,680.58 

5,280.28 

18,534.64 

Taxes  assignable  to  operations 

Deductions  from  net  operating  revenues 

132,267.84 

23,814.92 

Operating  income  (District  of  Columbia) 

692,349.92 

47,325.50 

7,194.87 

27,652.85 

Operating  income  outside  "(District  of  Oolumlaia, - 

Total  operating  income 

739,675.42 

20,457.98 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  133 


Income  account  for  the  year — Continued. 


Item. 

Amount 
applicable  to 
the  year. 

Comparison 
with  preced- 
ing year  (in- 
crease in 
roman,  de- 
crease in 
italic). 

n.  NONOPERATING  INCOME. 

$1,051.91 

169,880.00 

764,274.79 

8,254.01 

$752.94 

3,547.50 

4,131.65 

783.92 

Sinking  and  other  reserve  fund  accretions 

Total  nonoperating  revenues 

943,460.71 

7,710. 13 

Rent  expense 

1, 652. 18 
2,535.24 

1,208.66 

2,535.24 

Miscellaneous  nonoperating  expense 

Total  nonoperating  expense 

4,187.42 

47,912.81 

1,326.58 

7,660.46 

Nonoperating  taxes 

Deductions  from  nonoperating  revenues t 

52, 100.23 

8,987.04 

Nonoperating  income 

891,360.48 

1,276.91 

Gross  income 

m.  DEDUCTIONS  FROM  GROSS  INCOME. 

Rent  deductions  for  telephone  offices 

Rent  deductions  for  conduits,  poles,  and  other  supports 

Miscellaneous  rent  deductions 

Interest  deductions  for  funded  debt 

1,631,035.90 

19, 181.07 

8,822.97 
16, 728.92 
300.66 
64,550.00 
586,849.35 
7,612.32 
4.54 

927.22 

468.09 

495.57 

Other  interest  deductions 

Amortization  of  landed  capital 

Miscellaneous  deductions  from  income 

Total  deductions  from  gross  income 1 

Net  income 1 

IV.  DISPOSITION  OF  NET  INCOME. 

Dividend  appropriations  of  income 

5,296.48 

377.67 

1.48 

684,267.44 

5,874.99 

946, 768.46 

780,000.00 

25,056.06 

Amount  transferred  to  credit  of  corporate  surplus  or  deficit 

166,768.46 

25,056. 06 

The  operating  revenues  and  expenses  above  stated  relate  to  the  period  beginning 
January  1,  1916,  and  ending  December  31,  1916. 

Telephone  operating  revenues  {for  the  District  of  Columbia  only). 


Class  of  telephone  operating  revenues. 

Amount  of 
revenue  for 
the  year. 

Comparison 
with  revenue 
of  preceding 
year  (in- 
crease in 
roman,  de- 
crease in 
italic). 

I.  EXCHANGE  SERVICE  REVENUES. 

Subscribers’  station  revenues 

$1,693,272.06 

205,322.89 

$41,928.81 

18,986.67 

Public  pay  station  revenues 

Service  stations 

694.09 
2,791.34 
11,590. 77 

130. 57 
222. 29 
1,449.96 

Private  exchange  linos 

Minor  rents  of  exchange  plant 

Miscellaneous  exchange  service  revenues 

15,076.20 

1,802.82 

Total  exchange  service  revenues 

1,913,671.15 

62, 718.30 

134  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Telephone  operating  revenues  ( for  the  District  of  Columbia  only) — Continued. 


Class  of  telephone  operating  revenues. 

Amount  of 
revenue  for 
the  year. 

Comparison 
with  revenue 
of  preceding 
year  (in- 
crease in 
roman,  de- 
crease in 
italic). 

n.  TOLL  SERVICE  REVENUES. 

Message  tolls 

$84,667.43 
475. 55 
189.30 
97.35 

$6,008.30 
40. 74 
8. 12 
52.68 

Leased  toll  lines 

Telegraph  tolls 

Telegraph  service  on  toll  lines 

Miscellaneous  toll  line  revenues 

762.20 

3.82 

Total  toll  service  revenues 

85,429.63 

6,004.48 

m.  MISCELLANEOUS  OPERATING  REVENUES. 

Messenger  service 

313.25 
2, 185. 19 
24,352.24 
4,308.75 
5,522.62 

13.80 

438.83 

2,436.97 

101.25 

3,490.71 

Telegraph  commissions , 

Advertising  and  directory i 

Rents  from  other  operating  property 

Other  miscellaneous  revenue 

Miscellaneous  direct  revenues 

36,682.05 

88,001.90 

6,453.96 

2,695.34 

Licensee  revenue — Dr 

Total  miscellaneous  operating  revenues 

51,319.85 

3,758.62 

Grand  total 

1,947,780.93 

72,481.40 

SUMMARY  OF  OPERATING  REVENUES. 

Direct  operating  revenues 

2,035,782.83 

88,001.90 

75, 176.74 
2,695.34 

Licensee  revenues 

Total 

1,947,780.93 

72,481.40 

LICENSEE  REVENUE. 

Description  of  agreement  (names  of  parties,  dates,  service,  etc.):  Agreement  dated 
May  23,  1882,  March  31,  1883,  August  1,  1883,  and  modifications  dated  December 
11,  1884,  March  9,  1897,  October  5,  1905,  January  15, 1906,  December  16,  1912,  Janu- 
ary 2,  1914,  between  the  American  Bell  Telephone  Co.,  covering  rights  and  privileges 
and  services,  and  the  use  of  property  and  compensation  therefor  computed  on  specific 
items  of  revenue,  with  additions  thereto  and  deductions  therefrom  of  certain  other 
amounts;  District  of  Columbia,  4^  per  cent  of  $1,955,599.76. 

Licensee  revenue — Dr.,  $88,001.90. 

Nontelephone  operations:  None. 

Telephone  operating  expenses  ( for  the  District  of  Columbia  only). 


Name  of  operating  expense  account. 

Amount  of 
operating  ex- 
penses for 
the  year. 

Comparison 
with  expenses 
of  preceding 
year  (in- 
crease in 
roman,  de- 
crease in 
italic). 

I.  MAINTENANCE  EXPENSES. 

Supervision  of  maintenance 

$17,856.65 

23,197.86 

13.281.65 
42,335.37 

54.951.66 
14,150.34 
50,419.91 

367, 298. 31 
15,887.52 

$7,957.80 
4,855.75 
4,150.63 
2,572.97 
4,838.61 
12,637.62 
7,066. 16 
9, 736.35 
11,594.30 

Repairs  of  aerial  plant  

Rppairs  of  nndfirgroiind  plant 

Repairs  of  central  office  equipment  

Repairs  of  station  equipment 

Repairs  of  buildings  and  grounds 

Station  removals  and  changes 

Depreciation  of  plant  and  equipment 

Repairs  charged  to  reserves — Cr 

Total  maintenance  expenses 

567,604.23 

26,305.99 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  135 


Telephone  operating  expenses  (, for  the  District  of  Columbia  only ) — Continued. 


Name  of  operating  expense  account. 

Amount  of 
operating  ex- 
penses for 
the  year. 

Comparison 
with  expenses 
of  preceding 
year  (in- 
crease in 
roman,  de- 
crease in 
italic). 

n.  TRAFFIC  EXPENSES. 

$18,377. 79 
3,293.98 
5,494.43 

$13.83 

160.06 

1,973.25 

27, 166.20 

2, 147. 14 

214,752.22 

29,392.78 

5,833.58 
9,312.29 
13,439.81 
1,574.56 
309. 55 
16,227.86 

195.48 
4, 172. 70 
700.51 
165.26 
46.03 
2,904.54 

Operators’  schooling 

Transmission  power 

46,697.65 

7,761.94 

6,347.89 

8,529.94 

496.26 
4, 133. 23 

303,493.90 

45, 768. 72 

42,938.83 

4,094.20 

m.  COMMERCIAL  EXPENSES. 

Commercial  administration 

Advertising 

9,407.04 

5,350.64 

1,245.54 

1,849.18 

3.97 

Canvassing 

Sublicensee  relations 

Promotion  expenses 

14,757.68 

3,090.75 

Revenue  accounting 

29.756.27 

32.563.28 
32,736.19 

1,204.45 
982.48 
2, 749.04 

Revenue  collecting 

Pay  station  commissions 

Collection  expenses 

95,055.74 

4,935.97 

Directory  expenses 

32,010.91 

2,492.29 

Total  commercial  expenses 

187,593.05 

9,628.63 

IV.  GENERAL  AND  MISCELLANEOUS  EXPENSES. 

Salaries  of  general  officers 

11,571.34 

13,081.07 

595.82 

2,265.25 

Salaries  of  general  office  clerks 

General  office  salaries 

24,652.41 

2,861.07 

Expenses  of  general  officers  and  clerks 

1,157.48 

1,483.81 

1,402.40 

911.75 

327.26 

91.72 

General  office  stationery  and  printing 

Other  general  office  supplies  and  expenses 

General  office  supplies  and  expenses 

4,043.69 

676.21 

General  law  expenses 

5, 552.65 
2,478.96 
1,610.45 
1,583.81 

879.98 

2,084-74 

3,254.49 

1,332.56 

Insurance 

Accidents  and  damages 

Law  expenses  connected  with  damages 

Relief  department  and  pensions 

13,688.43 

38.25 

10,861.59 

38.25 

6,389.66 

.75 

20,977.83 

.75 

Telephone  franchise  requirements 

Other  general  expenses. 

Telephone  franchise  requirements — Cr 

Miscellaneous  general  expenses 

24,550.02 

14,588.17 

Total  general  expenses 

64,471.99 

23,012.10 

Grand  total 

1, 123, 163. 17 

55,861.35 

Operating  ratio — i.  e.,  ratio  of  operating  expenses  to  operating  revenues — 57.66  per 
cent. 


136  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Taxes  on  telephone  property . 


Name  of  property. 

Name  of  State  or 
Government. 

Amount 
charged 
to  “ Taxes 
assignable 
to  op- 
erations.’' 

Total 

operating 

taxes 

paid 

during 

year 

and 

charged 
directly  or 
indirectly 
to  income. 

Tax  on 
property 
owned, 
not  used  in 
operation, 
and  other 
miscella- 
neous 
taxes. 

All  telephone  properties  of  the  re- 
spondent, group  A. 

Do 

District  of  Columbia 

893,568. 33 

21, 112. 25 

892, 140. 14 

6,986.58 

$30,089.24 

5,246. 17 
12,577.40 

U.  S.  Government 

Outside  District  of  Columbia 

Total 

114,680.58 

99,126. 72 

47,912.81 

Rent  revenues  from  lease  of  telephone  plant:  None. 

Abstract  of  terms  and  conditions  of  leases:  None. 

Miscellaneous  rent  revenues. 

Minor  items,  6 in  number,  each  less  than  $1,000  per  annum,  total  District  of 


Columbia $385.  25 

Total  outside  District  of  Columbia 666.  66 

Total , 1,051.91 


Dividend  revenues. 


Description  of  dividend,  yielding  stock. 

Par 

value  of 
amount 
of  stock 
yielding 
dividends. 

Dividend 

rates. 

Amount 

of 

dividends 

credited 

to 

income. 

Common  stock  of  the  Chesapeake  & Potomac  Telephone  Co.  of  Vir- 
ginia. 

Total 

$4,247,000 
4,247,000 
4,247,000 
4, 247,000 

Per  cent. 

1 

1 

1 

1 

$42,470 

42,470 

42,470 

42,470 

169,880 

Interest  revenues. 


Description  of  security,  advance,  loan,  or  account  showing  char- 
acteristics of  such  security,  etc.,  and  name  of  the  debtor. 

Period  covered  by  interest. 

Income 

derived 

From— 

To— 

as 

interest. 

Long-term  advances  to  other  companies 

$757,320.65 

5,397.45 

1,556.69 

Interest  on  bank  balances  received  during  the  year  1916 

Jan.  1,1916 

Dec.  13,1916 

Minor  items,  4 in  number,  each  less  than  $1,000 

Total 

764,274.79 

Profits  and  losses  from  operations  of  others:  None. 

Miscellaneous  nonoperating  revenues:  None. 

Rent  deductions  for  lease  of  telephone  plant:  None. 

Abstracts  of  leasehold  contracts:  None. 

MISCELLANEOUS  RENTS. 

Minor  items,  three  in  number,  each  less  than  $1 ,000.  Amount  charged  to  ‘ 4 Income, 5 ’ 
$ 300.66 . Credit  due  to  cancellation  of  rentals  accrued  to  date,  the  circuits  involved 
having  been  purchased  by  respondent  as  of  dates  of  installation  and  accounts  adjusted 
accordingly. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  137 


Other  interest  deductions  charged  to  “Income.” 


Long-term  advances  payable $583,  569.  41 

Interest  on  open  account  with  the  American  Telephone  & Telegraph  Co . . 3,  267.  08 

One  minor  item  less  than  $1,000 12.  86 


Total 586,  849.  35 


Miscellaneous  deductions  from  income. 

Federal  revenue  tax  on  telephoned  messages  not  collected  from  senders  of 
messages $4. 54 

Appropriations  of  income  and  surplus  to  sinking  and  other  reserve  funds:  None. 
Appropriations  of  income  and  surplus  for  construction,  equipment,  and  better- 
ments: None. 


Miscellaneous  appropriations  of  income  and  surplus  charged  to  “Corporate  surplus.” 
Additional  allowances  paid  to  employees $64,  312. 09 


Miscellaneous  items  in  corporate  surplus  account  for  the  year. 


Sub- 

account 

No. 

Item. 

Debits. 

Credits. 

401 

Minor  items,  21  in  number,  each  less  than  SI, 000 

$110. 14 

414 

One  minor  item,  less  than  $1,000 

$366. 37 

417 

Difference  between  the  book  value  and  selling  price  of  securities  of 
the  Southern  Bell  Telephone  & Telegraph  Co.  of  Kentucky  held  by 
the  respondent  and  sold  to  the  Cumberland  Telephone  & Telegraph 
Co 

8,986.73 

Total 

9,353.10 

110. 14 

Plant  mileage. 


Pole  line. 

Aerial  cable. 

Aerial  wire. 

Territorial  division. 

Miles  of 
pole  line. 

Increase 

during 

year. 

Miles  of 
wire  in 
aerial 
cable. 

Increase 

during 

year. 

Miles  of 
bare 
copper 
wire, 
exchange. 

Miles  of 
other 
bare 
wire, 
exchange. 

Miles  of 
covered 
wire, 
exchange. 

Miles  of 
bare 
copper 
wire, 
toll. 

Washington  division. 
West  Virginia  divi- 

181 

5 

6,577 

83 

2,577 

1,588. 

408 

sion 

Virginia  division 

i 1,595 

5 

22 

16,535 

54 

805 

963 

20 

3,826 

20 

1,246 

2 

7,684 

74 

Total 

1,781 

27 

23, 166 

888 

3,560 

3,846 

2,836 

8, 166 

Aerial  wire— Concluded. 

Phantom  circuit. 

Territorial  division. 

Miles  of 
other 
bare  wire, 
toll. 

Miles  of 
covered 
wire, 
toll. 

Total 
miles  of 
aerial 
wire. 

Increase 

during 

year. 

Miles  of 
phantom 
circuit, 
exchange. 

Miles  of 
phantom 
circuit, 
toll. 

Total 
miles  of 
phantom 
circuit. 

Increase 

during 

year. 

Washington  division. 

1 

4,574 

15,888 

116 

186 

96 

96 

44 

West  Virginia  divi- 
sion  

2, 159 

10 

657 

659 

659 

179 

Virginia  division 

6 

15 

15 

Total 

j 2, 159 

11 

20,578 

849 

770 

770 

223 

1 Includes  jointly  owned  poles  as  follows: 


138  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA 


Plant  mileage — Continued. 


Territorial  division. 

Underground  conduit. 

Underground 

cable. 

Submarine  cable. 

Length  of  street 
occupied. 

Length  of  single 
duct. 

Miles  of 
wire  in 
under- 
ground 
cable. 

Increase 

during 

year. 

Miles  of 
wire  in 
sub- 
marine 
cable. 

Increase 

during 

year. 

Miles  of 
trench. 

Increase 

during 

year. 

Miles  of 
duct. 

Increase 

during 

year. 

Washington  division. 
West  Virginia  divi- 
sion  

Virginia  division 

146.83 

16.09 

.13 

4.52 

1.07 

593.29 

62. 18 
.26 

12.94 

3.46 

133,959 

15,204 

20 

5,424 

1,203 

2 

65 

28 

Total 

163.05 

5.59 

655. 73 

16.40 

149, 183 

6,629 

93 

West  Virginia  division: 

Total  miles  of  jointly  owned  poles 7. 23 

Respondents’  equity  in  jointly  owned  poles .per  cent. . 50. 76 


The  territory  comprising  the  divisions  listed  in  first  column  is  as  follows:  Washington  division,  District 
of  Columbia.  West  Virginia  division,  entire  or  parts  of  the  counties  of  Berkeley,  Boone,  Braxton,  Cabell, 
Calhoun,  Clay,  Fayette,  Gilmer,  Greenbrier,  Hampshire,  Jackson,  Jefferson,  Kanawha,  Lewis,  Lincoln, 
Logan,  Mason,  Mercer,  Mineral,  Mingo,  Monroe,  Morgan,  McDowell,  Nicholas,  Putnam,  Raleigh,  Ran- 
dolph, Roane,  Summers,  Upshur,  Wayne,  Webster,  Wood,  and  Wyoming.  Virginia  division,  part  of 
Alexandria  County,  Va. 


Equipment  of  telephone  central  offices. 


Principal  type 
of  switchboard 
in  service. 

Switchboard  capacity. 

Territorial  division. 

Cen- 

tral 

offices. 

Com- 

mon 

bat- 

tery. 

Mag- 

neto. 

Sub- 

scrib- 

ers’ 

and 

rural 

line 

posi- 

tions. 

Lines. 

Out- 

going 

tranks. 

Work- 

ing 

lines. 

Work- 

ing 

sta- 

tions. 

Work- 

ing 

trunks. 

Washington  division 

6 

6 

237 

36,200 

13,789 

2,107 

125 

31,042 

11,375 

59,323 

18,695 

1,533 

118 

West  Virginia  division 

34 

9 

25 

96 

Total 

333 

49,989 

2,232 

42,417 

78,018 

1,651 

Stations. 


Territorial  division. 

Main 

sta- 

tions. 

PBX 

sta- 

tions. 

Exten- 

sion 

sets. 

Total 

com- 

pany 

sta- 

tions. 

Private 

line 

sta- 

tions. 

Serv- 

ice 

sta- 

tions. 

Total 

sta- 

tions. 

Popu- 

lation 

(esti- 

mated). 

Sta- 
tions 
per  100 
people. 

Washington  division 

29,921 

22,803 

6,400 

59, 124 

233 

169 

59,526 

368,200 

16 

West  Virginia  division 

Virginia  division  1 

14, 659 
10 

1,705 

17 

1,826 

3 

18, 190 
30 

76 

505 

18, 771 
30 

201,000 

2,800 

9 

Total 

1 

44,590 

24,525 

8,229 

77,344 

309 

674 

78,327 

572,000 

14 

iThe  stations  in  this  division  are  connected  with  central  offices  located  in  the  Washington  division. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  139 


Gain  and  loss  of  company  stations. 


Territorial  division. 

Stations  added  during  year. 

Stations  discontinued  during 
year. 

Net 
gain 
or  loss 
during 
year. 

Main 

sta- 

tions. 

Private 

branch 

ex- 

change 

sta- 

tions. 

Exten- 

sion 

sets. 

Total 

com- 

pany 

sta- 

tions. 

Main 

sta- 

tions. 

Private 

branch 

ex- 

change 

sta- 

tions. 

Exten- 

sion 

sets. 

Total 

com- 

pany 

sta- 

tions. 

Washington  division 

West  Virginia  division 

Virginia  division 

11,320 

4,115 

3,356 

236 

4 

1,814 

538 

3 

16,490 

4,889 

7 

8,555 
2, 758 
14 

1,483 

35 

1,609 

266 

11,647 

3,059 

14 

4,843 

1,830 

7 

Total 

15,435 

3,596 

2,355 

21  386 

11,327 

1,518 

1,875 

14,720 

6,666 

Telephone  connections. 


Territorial  division. 

Average  number  of  lo- 
cal exchange  mes- 
sages originated  per 
month. 

Average  num- 
ber of  toll  mes- 
sages originated 
per  month. 

Aver- 
age 
num- 
ber of 
sta- 
tions.1 

Average  num- 
ber of  local  ex- 
change messages 
originated  per 
station  per 
month. 

This  year. 

Last  year. 

This 

year. 

Last 

year. 

This 

year 

Last 

year. 

Washington  division 

West  Virginia  division 

Total 

6,391,955 

2,805,285 

4,974,566 

2,405,228 

79,635 

64,658 

68,934 
50, 129 

56,285 

17,763 

114 

158 

94 

153 

9,197,240 

7,379,794 

144,293 

119,063 

74,048 

124 

107 

Territorial  division. 

Average  number  of 
toll  messages 
originated  per  sta- 
tion per  month. 

Average 
number 
of  lines. 

Average  number  of 
local  exchange 
messages  origi- 
nated per  line  per 
month. 

Average  number  of 
toll  messages  orig- 
inated per  line 
per  month. 

This  year. 

Last  year. 

This  year. 

Last  year. 

This  year. 

Last  year. 

Washington  division 

1 

1 

29,562 

216 

182 

3 

3 

West  Virginia  division 

4 

3 

10,799 

260 

242 

6 

5 

Total 

2 

2 

40,361 

228 

198 

4 

3 

i Includes  Virginia  stations  that  are  connected  with  central  offices  located  in  Washington  division. 


Franchises  acquired  during  the  year:  None. 


140  balance  sheets  public  UTILITIES  DISTRICT  OF  COLUMBIA. 
Land  acquired  during  the  year  and  devoted  to  telephone  operations. 


Description  of  tract  of  land  or  of  interest  in  land. 

Actual 
money  cost 
to  respond- 
ent. 

Amount  at 
which  car- 
ried on  bal- 
ance sheet. 

Various  expenditures  in  the  District  of  Columbia  charged  to  land,  each  less 
than  $1,000 

$62.20 

$62. 20 
80.86 

Outside  District  of  Columbia 

Total  land 

143.06 

Various  expenditures  in  the  District  of  Columbia  charged  to  right  of  way,  each 
less  than  $1,000 

4,953.49 

4,953.49 

7,900.70 

Outside  District  of  Columbia 

Total  right  of  way 

12. 854.19 

District  of  Columbia 

5,015.69 

7,981.56 

Outside  District  of  Columbia 

Grand  total 

12,997.25 

IMPORTANT  CHANGES  DURING  THE  YEAR. 

Additions  to  central  office  equipment:  Additional  equipment.  Columbia  central 
office,  1420  Columbia  Road,  Washington,  D.  C.,  as  follows:  (a)  Installation  in  sub- 
scriber switchboard  of  1,000  subscriber  multiple,  940  subscriber  answering  jacks,  40 
outgoing  trunks,  5 supervisor’s  circuits. 

(6)  Installation  in  trunk  switchboard  of  1,000  subscriber  multiple,  400  subscriber 
answering  jacks,  60  outgoing  trunks,  2 supervisor’s  circuits. 

Stocks  purchased:  July  27,  1916,  50  shares  of  the  capital  stock  of  the  Cheaspeake  & 
Potomac  Telephone  Co.  of  West  Virginia.  Stocks  sold:  April  19,  1916,  850  shares  of 
the  capital  stock  of  the  Southern  Bell  Telephone  & Telegraph  Co.  of  Kentucky. 


Employees  in  the  District  of  Columbia. 


Class. 

Number 
of  em- 
ployees. 

Total 

amount 

wages 

(monthly). 

Average 
wages  per 
month. 

Daily 
maxi- 
mum 
hours  con- 
tinuous 
service.1 

Division  commercial  manager 

1 

$475.00 

$475. 00 

74 

74 

74 

7* 

74 

74 

74 

74 

74 

74 

6-8 

District  manager  

1 

233.30 

233.30 

Salesmen 

20 

1,880. 67 

94.03 

Cashiers,  collectors,  and  adjusters 

12 

897. 66 

74.81 

Clerks,  stenographers,  and  bookkeepers 

20 

1,339.00 

66.95 

Division  auditor  of  receipts 

1 

177.66 

177. 66 

Subscribers’  billing  force 

51 

3, 083. 14 
350.00 

60. 45 

Division  traffic  superintendent  

1 

350.00 

District  traffic  chief _ 

1 

240. 00 

240.00 

Traffic  chief 

3 

320.00 

106.67 

Operators 

548 

17,  697. 76 

32.29 

Supervisors  a.nd  monitors  

63 

3, 269. 48 
286.00 

51.90 

6-8 

Matrons 

12 

23.83 

8 

Clerks  and  stenographers  . 

28 

896. 99 

32.04 

74 

74 

74 

74 

8 

Division  plant  superintendent 

1 

325.00 

325.00 

District  plant  supervisors 

2 

408.33 

204.17 

Plant  engineering  force 

23 

1,880.66 

81.77 

Supplies  force 

21 

1,356.95 

64.62 

Foremen 

16 

1,607.66 

100.48  ! 

8 

Cable  force 

34 

2,224.00 
710. 14 

65.41 

8 

Conduit  force 

14 

50.72 

8 

Linemen 

79 

4,842.52 

61.30 

8 

Installation  force 

55 

3,225.27 

58.64 

8 

Central  office  maintenance  force 

24 

1,917.89 

79.91 

8 

Troublemen  and  inspectors 

69 

4,843.45 

70.19 

8 

Maintenance  of  building  force 

30 

1,224.13 

40.80 

3-12 

Clerks  and  stenographers 

15 

1,014.00 

67.60 

74 

1 All  general  office  and  clerical  workers  have  1 hour  daily  for  luncheon.  General  office  and  clerical  forces 
given  half  day  Saturday — closing  hour  1 p.  m.  Day  and  evening  operators,  lunch  period  1 hour.  All 
operators  given  relief  periods  as  circumstances  require.  Operators  on  split  trick  force  work  sessions,  no 
one  of  which  exceeds  5 hours  in  length,  with  an  interval  between  sessions  of  3 hours  or  more.  Night  oper- 
ating force  coming  on  duty  at  9 p.  m.  and  remaining  until  7 a.  m.,  have  rest  periods  of  34  hours  during 
night.  The  maintenance  of  building  force  is  a group  of  elevator  attendants,  porters,  watchmen,  engineers, 
janitors,  and  a foreman  of  buildings,  whose  work  requires  varying  hours  of  duty  (18  work  10  to  12  hours 
and  the  balance  8 hours  or  less). 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  141 


Accidents  to  employees  and  other  persons  occurring  in  the  District  of  Columbia  in  1916. 


Number  injured  in  1916. 


Complete  cases  with  duration  of 
disability  of— 


T3 


a> 


J Grand  total  killed 

Total  number  1 and  injured, 
injured. 


Occupation  of 
employees. 

Less  than  1 day(n'o 
time  lost). 

1 to  7 days (over  1 
day,  not  over  1 
week). 

8 to  14  days  (over 

1 week,  not  over 

4 weeks). 

15  to  28  days  (over 

2 weeks,  not  over  | 
4 weeks). 

29  to  91  days  (over 

4 weeks,  not  over 

13  weeks). 

Total. 

Incomplete  cases  at 

of  year. 

Male. 

a) 

£ 

® 

fM 

Total. 

1 Male. 

1 

Female. 

Total. 

Collectors  and  can- 

vassers   

1 

1 

1 

1 

1 

1 

Operators 

2 

1 

2 

5 

5 

5 

5 

5 

Foremen 

2 

2 

2 

2 

2 

2 

Inside  plant  forces. . . 

10 

10 

10 

10 

10 

10 

Outside  plant  forces. 

30 

8 

4 

2 

1 

45 

1 

46 

46 

46 

46 

Clerks,  including 

storekeepers,  stock- 

keepers,  and  stu- 

dents (except  oper- 

ators)   

1 

1 

1 

1 

1 

1 

Messengers 

2 

2 

2 

2 

2 

2 

Artisans 

3 

3 

3 

3 

3 

3 

Unskilled  workers. . . 

20 

4 

5 

2 

31 

29 

2 

31 

29 

2 

31 

Total  for  employees 

71 

13 

11 

4 

1 

100 

1 

94 

7 

101 

94 

7 

101 

Persons  other  than 

employees 

5 

2 

7 

5 

2 

7 

Grand  total 

99 

9 

108 

99 

9 

108 

VERIFICATION. 

State  of  Maryland, 

City  of  Baltimore , ss: 

J.  R.  Y.  Savage  makes  oath  and  says  that  he  is  auditor  of  the  Chesapeake  & Potomac 
Telephone  Co.,  that  it  is  his  duty  to  have  supervision  over  the  books  of  account  of 
the  respondent  and  to  control  the  manner  in  which  such  books  are  kept;  that  he 
knows  that  such  books  have,  during  the  period  covered  by  the  foregoing  report,  been 
kept  in  good  faith  in  accordance  with  the  accounting  and  other  orders  of  the  Public 
Utilities  Commission,  effective  during  the  said  period;  that  he  has  carefully  examined 
the  said  report,  and  to  the  best  of  his  knowledge  and  belief  the  entries  contained  in 
the  said  report  have,  so  far  as  they  relate  to  matters  of  account,  been  accurately  taken 
from  the  said  books  of  account  and  are  in  exact  accordance  therewith;  that  he  believes 
that  all  other  statements  of  fact  contained  in  the  said  report  are  true,  and  that  the 
said  report  is  a correct  and  complete  statement  of  the  business  and  affairs  of  the  above- 
named  respondent  during  the  period  of  time  from  and  including  January  1,  1916,  to 
and  including  December  31,  1916. 

J.  R.  Y.  Savage. 

Subscribed  and  sworn  to  before  me,  a notary  public,  in  and  for  the  State  and  city 
above  named,  this  20th  day  of  March,  1917. 

[seal.]  W.  Halbert  Smith, 

\ Notary  Public. 

My  commission  expires  May  5,  1918. 

supplemental  oath. 

State  of  Maryland, 

City  of  Baltimore , ss: 

Martin  H.  Buehler  makes  oath  and  says  that  he  is  vice  president  of  the  Chesapeake 
& Potomac  Telephone  Co.,  that  he  has  carefully  examined  the  foregoing  report;  that 
he  believes  that  all  statements  of  fact  contained  in  the  said  report  are  true,  and  that 
the  said  report  is  a correct  and  complete  statement  of  the  business  and  affairs  of  the 
above-named  respondent  during  the  period  of  time  from  and  including  January  1, 
1916,  to  and  including  December  31,  1916. 

M.  H.  Buehler. 

Subscribed  and  sworn  to  before  me,  a notary  public,  in  and  for  the  State  and  city 
above  named,  this  20th  day  of  March,  1917. 

[seal.]  W.  Halbert  Smith, 

Notary  Public. 

My  commission  expires  May  5,  1918. 


WASHINGTON  & MARYLAND  RAILWAY  CO. 


IDENTITY  OF  RESPONDENT. 

Exact  name  of  company  making  this  report:  Washington  & Maryland  Railway  Co. 

DIRECTORS. 

Charles  Selden,  jr.,  1413  H Street  NW.,  Washington,  D.  C. 

Paul  Sleman,  Washington,  D.  C. 

W.  H.  H.  Allen,  Washington,  D.  C. 

W.  M.  Terrell,  Washington,  D.  C. 

Henry  W.  Williams,  Baltimore,  Md. 

Charles  E.  Wire,  Washington,  D.  C. 

Norten  M.  Little,  Washington,  D.  C. 


Principal  general  officers. 


Title  of  general  officer. 

Name  of  person  holding  office  at  close  of  year. 

Salary. 

President 

Charles  Selden,  jr 

$1,800 

First  vice  president 

Henry  W.  Williams 

Secretary 

Norten  M.  Little  

Treasurer 

William  Clabaugh 

General  manager 

W.  A.  Meelen 

900 

Employees  other  than  officers. 


Class. 

Number 

of 

employ- 

ees. 

Average 
wages 
per  day. 

Maxi- 

mum 

hours 

contin- 

uous 

service. 

TRANSPORTATION. 

Conductors 

$1.J9 

n 

Motormen 

3 

Road  and  track  men 

3 

1.  79 

9J 

1 

1.  50 

10 

CAR  HOUSES  AND  SHOPS. 

Machinists 

1 

2.00 

11 

Watchmen 

1 

1.  75 

13 

■ » 1 

VOTING  POWERS  AND  ELECTIONS. 


State  the  par  value  of  each  share  of  stock.  Common,  $50  per  share. 

Give  the  names  of  the  20  security  holders  of  the  respondent  who,  at  the  date  of  the 
latest  closing  of  the  stock  book  or  compilation  of  list  of  stockholders  of  the  respondent 
(if  within  one  year  prior  to  the  actual  filing  of  this  report),  had  the  highest  voting 
powers  in  the  respondent,  showing  for  each  his  address,  the  number  of  votes  which 
he  would  have  had  a right  to  cast  on  that  date  had  a meeting  then  been  in  order,  and 
the  classification  of  the  number  of  votes  to  which  he  was  entitled,  with  respect  to 
securities  held  by  him,  such  securities  being  classified  as  common  stock,  second 
preferred  stock,  first  preferred  stock,  and  other  securities,  stating  in  a footnote  the 
names  of  such  other  securities  (if  any).  If  any  such  holder  held  in  trust,  give  (in  a 
footnote)  the  particulars  of  the  trust.  If  the  stock  book  was  not  closed  or  the  list  of 
stockholders  compiled  within  such  year,  show  such  20  security  holders  as  of  the  close 
of  the  year. 

142 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  143 


Name  of  security  holder. 

Address  of  security  holder. 

Number  of 
votes 
to  which 
security 
holder  was 
entitled. 

Henry  W Williams 

Baltimore,  Md 

16 

W.  H.  H.  Allen 

Washington,  D.  C 

16 

Norten  M Little 

do 

85 

W M Terrell 

. . do 

52 

C.  Selden,  jr 

do 

16 

Charles  E.  Wire 

do 

1 

Paul  Sleman 

do 

16 

Comparative  general  balance  sheet. 

ASSETS. 


Balance  at 
beginning 
of  year. 

Item. 

Balance  at 
close  of 
year. 

Increase  in 
roman,  de- 
crease in 
italics. 

$61,634. 12 

INVESTMENTS. 

Road  and  equipment 

$64,456.29 

$2,822.17 

2,071.48 

6,217.73 

.95 

CURRENT  ASSETS. 

Cash 

3.99 

2,067.^9 

Loans  and  notes  receivable 

6, 217. 73 
/ 486. 45 

Miscellaneous  accounts  receivable 

485.50 

8,290. 16 

Total  current  assets 

6,708. 17 

1,581.99 

UNADJUSTED  DEBITS. 

Discount  on  lunded  debt 

27.80 

27. 80 

12,900.00 

Other  unadjusted  debits 

10,360.00 

2,51fi.00 

12,900.00 

Total  unadjusted  debits 

10,387.80 

2,612.20 

82,824. 28 

Grand  total 

81,552.26 

1,272.02 

LIABILITIES. 


$12,900.00 

STOCK. 

Capital  stock 

LONG-TERM  DEBT. 

Receiver’s  certificates 

I 

$10,360.00 

$2,540.00 

19,900.00 

19,900.00 

CURRENT  LIABILITIES. 

Loans  and  notes  payable 

32,950.00 

7,757.58 

1,500.00 

38,310.70 
15, 713. 14 

5,360. 70 
7,955.56 
1,500.00 

Miscellaneous  accounts  payable 

Other  current  liabilities 

Total  current  liabilities 

42,207.58 

54,023.84 

11,816.26 

CORPORATE  SURPLUS. 

Profit  and  loss,  debit  balance 

2,731.58 

10,548.28 

Grand  total 

7,816.70 

81,552.26 

1,272.02 

Road  and  equipment — Investment  in  additions  and  betterments  during  the  year. 

I.  WAY  AND  STRUCTURES. 


Shops  and  carhouses $42.  85 

II.  EQUIPMENT. 

Passenger  and  combination  cars 2,  734. 16 

Shop  equipment 45. 16 

Total  expenditures  for  equipment 2,  779.  32 

Grand  total : 2,  822. 17 


144  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OP  COLUMBIA. 

Respondent’s  investment  in  road  and  equipment  at  close  of  year. 
[Revalued  in  1915.] 


Investment  from  Dec.  31,  1908,  to  Dec.  31,  1915 $61,  634. 12 

Investment  since  Dec.  31,  1915 2,  822.  17 

Total  investment  in  road  and  equipment 64,  456.  29 


Unadjusted  debits:  Di.  count  on  securities,  book  value  of  item  at  close  of  year, 


$10,360. 

Capital  stock. 

Grand  total,  all  classes  of  stocks: 

Par  value  of  total  amount  actually  issued  to  close  of  year $10,  360 

Par  value  of  amount  actually  outstanding  at  close  of  year 10,  360 


Receiver’s  certificates:  Amount  actually  outstanding  at  close  of  year,  principal, 
$19,900. 

Sundry  current  liabilities — Credit  balance  at  close  of  year. 


Loans  and  notes  payable: 

Commercial  National  Bank,  short  term  and  demand  notes $38,  235.  00 

Overdraft 75.70 


Total 38,310.70 


Miscellaneous  accounts  payable : 

Sundries  for  unsettled  ticket  and  transfer  exchanges 12,  876. 13 

Subscriptions  and  advances  by  investors 2,  837. 01 


Total 15,713.14 


Profit  and  loss  statement. 


Item. 

Debits. 

Credits. 

Credits: 

Credit  balance  transferred  from  income  account 

$7,816. 70 

Debits: 

Debit  balance  at  beginning  of  fiscal  period 

$8,574.90 

1,973.38 

Miscellaneous  debits  

Balance  carried  forward  to  balance  sheet 

2, 731. 58 

10,548.28 

Total 

10,548.28 

Income  statement  for  the  year. 

I.  OPERATING  INCOME. 

Railway  operating  revenues $6,  209.  70 

Railway  operating  expenses 12,  041.  68 

Net  revenue,  railway  operations 5,  831.  98 

Taxes  on  earnings 244.02 

Gross  income 6,076.  00 

III.  DEDUCTIONS  FROM  GROSS  INCOME. 

Interest  on  unfunded  debt 2, 498.  90 

Income  balance  transferred  to  profit  and  loss 8,  574. 90 


Railway  operating  revenues:  Revenue  from  transportation,  passenger  revenue, 
$6,209.70. 

Increase  over  preceding  year,  $109.31. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  145 


Railway  operating  expenses. 


Name  of  railway  operating  expense 
account. 

Amount 
of  operat- 
ing ex- 
penses 
for  the 
year. 

WAY  AND  STRUCTURES. 

Superintendence  of  way  and  structures.. 

$1,110. 61 
192. 31 
118. 96 

Maintenance  of  electric  lines 

Total  way  and  structures 

1,421.88 

EQUIPMENT. 

Maintenance  of  cars 

417. 06 
1,005. 49 
74.  62 

Maintenance  of  electric  equipment  of  cars 
Maintenance  of  locomotives 

Total  equipment 

1,497. 17 

POWER. 

Power  purchased 

1, 178. 44 

CONDUCTING  TRANSPORTATION. 

Superintendence  of  transportation 

450.00 
2,698.48 
519. 67 

Conductors,  motormen,  and  trainmen. . . 
Miscellaneous  transportation  expenses . . . 

Total  conducting  transportation. . . 

3,668.15 

Name  of  railway  operating  expense 
account. 

Amount 
of  operat- 
ing ex- 
penses 
for  the 
year. 

GENERAL  AND  MISCELLANEOUS. 

General  expenses 

$1,919.18 
33.25 
15.00 
133.  26 
386. 35 
1,789.00 

Injuries  and  damages 

Insurance 

Stationery  and  printing 

Store,  garage,  and  stable  expenses 

Rent  of  equipment 

Total  general  and  miscellaneous 

RECAPITULATION  OF  EXPENSES. 

Way  and  structures 

4,276.04 

1,421.  88 
1,497. 17 
1, 178. 44 
3,668. 15 
4,276.04 

Equipment 

Power 

Conducting  transportation 

General  and  miscellaneous 

Grand  total  operating  expenses... 

12,041. 68 

Miscellaneous  items  in  profit  and  loss  account  for  the  year:  Debits,  charged  off  to 
correct  errors  in  cash  account  occurring  prior  to  January  1,  1915,  $1,973.38. 

Mileage , traffic,  and  miscellaneous  statistics. 


Passenger-car  mileage 82, 120 

Passenger-car  hours 8, 145 

Regular-fare  passengers  carried 313,  373 

Passenger  revenue $6,209.70 

Average  fare,  revenue  passengers $0. 0198 


Description  of  equipment:  Closed  passenger  cars,  with  electric  equipment,  4. 

Three  cars  are  rented  from  the  Capital  Traction  Co.  The  fourth  car  was  purchased 
new  from  the  Cincinnati  Car  Co.,  in  April,  1916. 

OATH. 

District  of  Columbia,  ss : 

Charles  Selden,  jr.,  makes  oath  and  says  that  he  is  president  of  Washington  & 
Maryland  Railway  Co.;  that  he  has  carefully  examined  the  foregoing  report;  that 
he  believes  that  all  statements  of  fact  contained  in  the  said  report  are  true,  and  that 
the  said  report  is  a correct  and  complete  statement  of  the  business  and  affairs  of  the 
above-named  respondent  during  the  period  of  time  from  and  including  January  1, 
1916,  to  and  including  December  31,  1916. 

Charles  Selden,  Jr. 

Subscribed  and  sworn  to  before  me,  a notary  public,  in  and  for  the  District  above 
named,  this  6th  day  of  March,  1917. 

[seal.]  Norton  M.  Little. 

My  commission  expires  Sept.  18,  1918. 

H.  Doc.  2038,  64-2 10 


WASHINGTON  INTERURBAN  RAILWAY  CO. 

[From  March  20, 1916,  to  December  31,  1916.] 

Name  of  officer  in  charge  of  correspondence  with  the  commission  regarding  this 
report:  William  F.  Ham,  comptroller,  231  Fourteenth  Street  NW.,  Washington,  D.  C. 

IDENTITY  OF  RESPONDENT. 

1.  Exact  name  of  company  making  this  report:  Washington  Interurban  Railway  Co . 

2.  Date  of  organization:  January  27,  1918. 

3.  Under  laws  of  what  Government,  State,  or  Territory  organized?  Organized 
under  the  public  general  laws  of  the  State  of  Maryland. 

4.  If  a consolidated  or  a merging  company,  name  all  constituent  and  all  merged 
companies.  Not  a consolidated  company. 

If  a reorganized  company,  give  name  of  original  corporation,  refer  to  laws  under 
which  it  was  organized,  and  state  the  occasion  for  the  reorganization. 

The  Washington,  Spa  Spring  & Gretta  Railroad  Co.  of  Prince  Georges  County, 
Md.,  was  incorporated  under  the  public  general  laws  of  the  State  of  Maryland  by  cer- 
tificate filed  with  the  secretary  of  state  of  Maryland  on  February  14,  1905.  The  said 
incorporation  was  ratified  and  confirmed  by  act  of  the  General  Assembly  of  Maryland, 
approved  April  8,  1908. 

By  act  of  Congress  of  the  United  States  approved  February  18,  1907,  the  Washing- 
ton, Spa  Spring  & Gretta  Railroad  Co.  was  authorized  to  extend  its  road  into  the  Dis- 
trict of  Columbia  from  the  District  line  along  Bladensburg  Road  to  Fifteenth  and  H 
Streets  NE. 

By  certificate  filed  with  the  secretary  of  state  of  Maryland  under  date  of  October 
21,  1912,  the  name  of  the  Washington,  Spa  Spring  & Gretta  Railroad  Co.  was  changed 
to  the  Washington  Interurban  Railway  Co. 

On  or  about  June  15,  1914,  the  Railway  Storage  Battery  Co.  filed  bill  in  equity  in 
the  district  court  of  the  United  States  for  the  District  of  Maryland  against  said  company 
for  a foreclosure  on  the  mortgage  of  said  company.  In  said  cause,  at  some  time  there- 
after, John  W.  Yerkes  and  Guy  T.  Scott  were  appointed  receivers  of  all  the  property 
of  said  company.  On  or  about  May  24,  1915,  a decree  of  foreclosure  and  sale  was 
entered  in  said  cause,  and  on  December  23,  1915,  the  assets,  property,  and  franchises 
of  said  company  were  sold  to  Gustave  Herre  for  the  nominal  price  of  $25,000. 

In  accordance  with  authorization  of  the  Public  Service  ( ommission  of  the  State 
of  Maryland,  dated  February  23,  1918  (Order  No.  2899),  and  of  the  Public  Utilities 
Commission  of  the  District  of  Columbia,  dated  February  19,  1918  (Order  No.  176), 
this  company  issued  and  delivered  to  said  Gustave  Herre  $49,750  capital  stock  and 
$150,000  first  mortgage  5 per  cent  bonds  to  purchase  the  assets,  property,  and  fran- 
chises of  the  Washington  Interurban  Railway  Co.,  previously  sold  under  foreclosure 
to  said  Gustave  Herre. 

State  whether  or  not  the  respondent  during  the  year  conducted  any  part  of  its 
business  under  a name  or  names  other  than  that  shown  in  response  to  first  inquiry 
above.  No. 

Give  name  of  operating  company,  if  any,  having  control  of  the  respondent’s  prop- 
erty. Operates  its  own  road. 

Directors. 


Name  of  director. 

Office  address. 

Date  of  begin- 
ning of  term. 

Date  of  ex- 
piration of 
term. 

C.  P.  King 

231  Fourteenth  Street  NW.,  Washington, 
D.  C* 

do 

Mar.  20,1916 

do 

Jan.  3,1917 

Do. 

W.  F.  Ham 

C.  F.  Norment 

National  Bank  of  Washington,  Washing- 
ton, D.  C. 

231  Fourteenth  Street  NW.,  Washington, 
D.  C. 

do 

do 

Do. 

S.  R.  Bowen 

do 

Do. 

L.  W.  Glazebrook 

do 

Do. 

146 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  147 


Organization  meeting  of  the  stockholders  was  held  January  27,  1918.  ' 

Give  the  names  and  titles  of  all  officers  of  the  board  of  directors  in  control  of  the 
respondent  at  the  close  of  the  year.  Chairman  of  board,  Clarence  P.  King:  secretary 
of  board,  S.  R.  Bowen. 

Name  the  members  of  the  executive  committee  of  the  board  of  directors  of  the 
respondent  at  the  close  of  the  year  (naming  first  the  chairman),  and  state  briefly 
the  powers  and  duties  of  that  committee.  None. 

Principal  general  officers. 


Title  of  general  officer. 


Name  of  person  holding 
office  at  close  of  year. 


Office  address. 


President 


Clarence  P.  King. 


Vice  president 

Secretary . 

Treasurer 

General  attorney 

Comptroller 

Engineer  of  way  and  streets. . 

Superintent  of  railways 

Superintendent  of  transpor- 
tation. 

Assistant  to  the  president  — 


Wm.  F.  Ham.. 
S.  R.  Bowen... 
C.  E.  Brown. . . 
J.  S.  Barbour . . 
Wm.  F.  Ham.. 
C.  S.  Kimball.. 
J.  H.  Stephens 
J.  T.  Moffett... 

R.  W.  King.... 


231  Fourteenth  Street  NW.,  Washington, 
D.  C. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 


Salaries:  None. 


Employees  other  than  officers. 


Average  wages. 

Maxi- 

mum 

Class. 

Number 
of  em- 
ployees. 

Per  hour. 

Per  day. 

hours 
contin- 
uous serv- 
ice. 

Conductors 

TRANSPORTATION. 

4 

12 

Motormen 

4 

12 

Road  and  track  men 

8 

$1.86 

10 

Transportation  corporations  controlled  by  respondent:  None. 
Non  transportation  corporations  controlled  by  respondent:  None. 


VOTING  POWERS  AND  ELECTIONS. 

1.  State  the  par  value  of  each  share  of  stock.  Common,  $50  per  share. 

2.  State  whether  or  not  each  share  of  stock  has  the  right  to  one  vote;  if  not,  give 
full  particulars  in  a footnote.  Yes. 

3.  Are  voting  rights  proportional  to  holdings?  Yes. 

4.  Are  voting  rights  attached  to  any  securities  other  than  stock?  No. 

5.  Has  any  class  or  issue  of  securities  any  special  privileges  in  the  election  of  direc- 
tors, trustees,  or  managers,  or  in  the  determination  of  corporate  action  by  any  method? 
No. 

6.  Give  the  date  of  the  latest  closing  of  the  stock  book  prior  to  the  actual  filing  of 
this  report  and  state  the  purpose  of  such  closing.  Organization  meeting  of  the  stock- 
holders was  held  January  27,  1916. 

7.  State  the  total  voting  power  of  all  security  holders  of  the  respondent  at  the  date 
of  such  closing  if  within  one  year  of  the  date  of  such  filing;  if  not,  state  as  of  the  close 
of  the  year.  One  thousand  votes,  as  of  December  31,  1916. 

8.  State  the  total  number  of  stockholders  of  record,  corresponding  to  the  answer  to 
inquiry  No.  7.  Six  stockholders. 

9.  Give  the  names  of  the  20  security  holders  of  the  respondent  who,  at  the  date 
of  the  latest  closing  of  the  stock  book  or  compilation  of  list  of  stockholders  of  the 
respondent  (if  within  one  year  prior  to  the  actual  filing  of  this  report),  had  the  highest 
voting  powers  in  the  respondent,  showing  for  each  his  address,  the  number  of  votes 
which  he  would  have  had  a right  to  cast  on  that  date  had  a meeting  then  been  in  order, 
and  the  classification  of  the  number  of  votes  to  which  he  was  entitled,  with  respect 


148  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OP  COLUMBIA. 


to  securities  held  by  him,  such  securities  being  classified  as  common  stock,  second 
preferred  stock,  first  preferred  stock,  and  other  securities,  stating  in  a footnote  the 
names  of  such  other  securities  (if  any).  If  any  such  holder  held  in  trust,  give  (in  a 
footnote)  the  particulars  of  the  trust.  If  the  stock  book  was  not  closed  or  the  list  of 
stockholders  compiled  within  such  year,  show  such  20  security  holders  as  of  the 
close  of  the  year. 


Name  of  security  holder. 

• 

Address  of  security  holder. 

Number  of 
votes  to 
which 
security 
holder  was 
entitled. 

Number  of 
votes, 
classified 
with 

respect  to 
securities 
on  which 
based, 
common 
stocks. 

Washington  & Rockville  Ry.  Co. . 

231  Fourteenth  Street  NW.,  Washington, 
D.C. 

995 

995 

C.  P.  King 

do 

1 

1 

W.  F.  Ham 

do 

1 

1 

S.  R.  Bowen 

...do 

1 

1 

C.  F.  Norment 

National  Bank  of  Washington,  Washington, 
D.  C. 

1 

1 

L.  W.  Glazebrook 

231  Fourteenth  Street  NW.,  Washington, 
D.  C. 

1 

1 

10.  State  the  total  number  of  votes  cast  at  the  latest  general  meeting  for  the  elec- 
tion of  directors  of  the  respondent.  Five  votes  cast. 

11.  Give  the  date  and  place  of  such  meeting.  January  27, 1916,  in  Hyattsville,  Md. 

CORPORATE  CONTROL  OVER  RESPONDENT. 

1.  Did  any  corporation  or  corporations,  transportation  or  other,  hold  control  over 
the  respondent  at  the  close  of  the  year?  Yes. 

If  control  was  so  held,  state— 

(а)  The  form  of  control,  whether  sole  or  joint.  Sole. 

(б)  The  name  of  the  controlling  corporation  or  corporations.  Washington  Railway  & 
Electric  Co. 

(c)  The  manner  in  which  control  was  established.  Through  ownership  of  stock. 

( d ) The  extent  of  control.  One  hundred  per  cent. 

(e)  Whether  control  was  direct  or  indirect.  Indirect. 

(/)  The  name  of  the  intermediary  through  which  control,  if  indirect,  was  established. 
Washington  & Rockville  Railway  Co. 

2.  Did  any  individual,  association,  or  corporation  hold  control,  as  trustee,  over 
the  respondent  at  the  close  of  thp  year?  No. 

The  Washington  & Rockville  Railway  Co.  is  the  equitable  owner  of  the  entire 
capital  stock  of  this  company  and  as  such,  through  its  board  of  directors,  may  direct 
the  vote  of  such  stock  at  stockholders’  meetings  for  the  election  of  officers  and  for 
certain  other  corporate  purposes. 

The  Washington  Railway  & Electric  Co.  is  the  equitable  owner  of  the  entire  capital 
stock  of  the  Washington  & Rockville  Railway  Co.  and  as  such,  through  its  board  of 
directors,  may  direct  the  vote  of  such  stock  at  stockholders’  meetings  for  the  election 
of  officers  and  for  certain  other  corporate  purposes. 

This  company  is  managed  and  controlled  by  its  own  board  of  directors  and  officers 
and  is  therefore  not  under  the  control  of  the  Washington  & Rockville  Railway  Co. 
or  the  Washington  Railway  & Electric  Co.  (See  P.  P.  Car  Co.  v.  Mo.  Pac.,  150  U.  S. 
687.) 

Limiting,  therefore,  the  sense  of  the  word  “control”  to  the  present  right  to  direct 
the  vote  of  sufficient  stock  to  elect  directors  of  its  selection,  the  schedules  above  have 
been  filled  out. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  149 

Comparative  general  balance  sheet. 

ASSETS. 

Balance  at 
close  of  year. 

Investments,  road  and  equipment $206, 184. 13 

Current  assets: 

Cash 3,115.35 

Miscellaneous  accounts  receivable 1,  020. 91 

Total  current  assets 4, 136. 26 

Unadjusted  debits 177.  39 

Grand  total 210,  497 . 78 

LIABILITIES. 

Capital  stock $50,  000.  00 

Long-term  debt: 

Funded  debt  unmatured 150,  000.  00 

Nonnegotiable  debt  to  affiliated  companies,  notes 4,  257.  82 

Total  long-term  debt 154,  257.  82 

Current  liabilities: 

Audited  accounts  and  wages  payable 16.  28 

Miscellaneous  accounts  payable 1,  675.  27 

Matured  interest,  dividends,  and  rents  unpaid 3,  750. 00 

Accrued  interest,  dividends,  and  rents  payable 3, 125.  00 

Total  current  liabilities 8,  566.-55 

Unadjusted  credits: 

Operating  reserves 840.  81 

Accrued  depreciation,  road  and  equipment 1,  063.  23 

Total  unadjusted  credits 1,  904. 04 

Corporate  surplus,  profit  and  loss,  debit  balance 4 , 230.  63 

Grand  total 210,  497.  78 


150  balance  sheets  public  utilities  DISTRICT  OF  COLUMBIA. 


Road  and  equipment. 


Account. 

Invest- 
ment in 
new  lines 
and 

extensions 

during 

year. 

Invest- 
ment in 
additions 
and  bet- 
terments 
during  the 
year. 

Total  in- 
vestment 
in  road 
and 

equipment 
during  the 
year. 

Total  in- 
vestment 
in  road 
and 

equipment 
since  Dec. 
31,  1914. 

WAY  AND  STRUCTURES. 

Engineering  and  superintendence 

$50.00 

1.50 

$50.00 
1.50 
1.83 
1, 202. 29 
159.38 
199,050.00 
4,764.66 

$50.00 
1.50 
1.83 
1,202.29 
159.38 
199,050.00 
4, 764. 66 

Crossings,  fences,  and  signs 

$1.83 
1,202. 29 
159.38 

Distribution  system 

Stations,  miscellaneous  buildings,  and  structures 

Cost  of  road  purchased 

199,050.00 

Reconstruction  of  road  purchased 

Total  expenditures  for  way  and  structures 

EQUIPMENT. 

Passenger  and  combination  cars 

4, 764. 66 

199, 101. 50 

6, 128. 16 

205, 229. 66 

205, 229. 66 

75.00 
314.47 
400.00 

10.00 

75.00 
314.47 
400.00 

10.00 

75.00 
314.47 
400.00 

10.00 

Service  equipment 

Electric  equipment  of  cars 

Furniture 

Total  expenditures  for  equipment 

GENERAL  AND  MISCELLANEOUS. 

Taxes 



779.47 

779.47 

779.47 

100.00 

75.00 

100.00 

75.00 

100.00 

75.00 

Miscellaneous 

Total  general  and  miscellaneous  expenditures 

Grand  total 

175.00 

175.00 

175.00 

199,276.50 

6,907.63 

206, 184. 13 

206, 184. 13 

Respondent's  investment  in  road  and  equipment  at  close  of  year. 

Investment  since  Dec.  31,  1914 $206, 184. 13 

Length  of  road  owned,  8.03  miles. 

Average  investment  per  mile  of  road,  exclusive  of  improvements  on  leased  lines, 
$25,676.73. 

Length  of  track  owned,  8.26  miles. 

Average  investment  per  mile  of  track,  $24,961.76. 

Summary  of  securities  owned:  None. 

^inking  funds:  None. 

Deposits  in  lieu  of  mortgaged  property  sold:  None. 

Miscellaneous  physical  property:  None. 

Special  deposits:  None. 

Investments  in  securities  of  noncarrier  companies  affiliated  with  respondent:  None. 
Investments  in  securities  of  carriers  affiliated  with  respondent:  None. 

Investments  in  securities  of  nonaffiliated  companies:  None. 

Investment  advances  to  other  companies:  None. 

Securities  and  other  intangibles  owned  or  controlled  through  nonreporting  sub- 
sidiaries: None. 

Insurance  and  other  funds:  None. 

Discounts  and  premiums  on  securities  outstanding. 


First  mortgage  5 per  cent  bonds: 

Total  discount  suffered  on  actual  issues  made  during  year $75 

Discount  written  off  during  year  to  “Profit  and  loss” 75 


Property  abandoned  chargeable  to  operating  expenses:  None. 

Other  unadjusted  debits:  Minor  items  (2),  book  value  of  item  at  close  of  year, 
$177.39. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  151 


Capital  stock. 

Common  stock,  authorizations  closed  prior  to  present  year: 

Par  value  of  amount  authorized $50,  000 

Par  value  of  total  amount  actually  issued  to  close  of  year 50, 000 

Par  value  of  amount  actually  outstanding  at  close  of  year 50,  000 

Stocks  actually  issued  during  present  year — 

Par  value 50,  000 

Cash  received  as  consideration  for  issue 250 

Cash  value  of  other  property  acquired  as  consideration  for  issue 49,  750 

Forty-nine  thousand  seven  hundred  and  fifty  dollars  of  capital  stock  issued  in  part 
payment  for  the  assets,  property  and  franchises  of  the  Washington  Interurban  Rail- 
way Co.,  previously  sold  under  foreclosure  to  Gustave  Herre. 

Purposes  of  open  authorizations  and  particulars  of  authorizations  closed  during  the 
year:  Two  hundred  and  fifty  dollars  capital  stock  issued  for  cash  and  $49,750  capital 
stock  issued  in  part  payment  for  the  assets,  property,  and  franchises  of  the  Washington 
Interurban  Railway  Co.,  previously  sold  under  foreclosure  to  Gustave  Herre. 

Stock  liability  for  conversion  of  securities  of  other  companies:  None. 


Summary  statement  of  unmatured  funded  debt. 


Mortgage  bonds: 

Amount  actually  outstanding  at  close  of  year $150,  000.  00 

Interest  liability  at  close  of  year  on  actually  outstanding  debt — 

Interest  matured  and  unpaid 2 3,  750. 00 

Interest  accrued  not  due 2 3, 125.  00 


Interest  during  year  on  actually  outstanding  debt,  interest  accrued . . 1 5,  854. 17 


SECURITY  FOR  UNMATURED  FUNDED  DEBT. 

Designation  of  mortgage,  pledge,  or  other  lien:  First  mortgage  5 per  cent  bonds. 
Road  mortgaged  from  Fifteenth  and  H streets  NE.,  District  of  Columbia,  to  Berwyn 
Heights,  Md. 

Miles  of  road,  8.03;  miles  of  track,  8.26. 

Equipment,  securities,  income,  etc.,  mortgaged  or  pledged:  All  its  property  and 
franchises. 

No  limitation  per  mile  of  road. 

Copy  of  mortgage  not  in  print.  Said  mortgage  is  recorded  in  liber  116,  folio  87, 
one  of  the  land  records  of  Prince  Georges  County,  Md. 

Equipment  obligations:  None. 


Unmatured  funded  debt  other  than  equipment  obligations. 


First  mortgage  bonds: 

Nominal  date  of  issue,  Feb.  1,  1916. 

Date  of  maturity,  Feb.  1,  1946. 

Interest  provisions — 

Rate  per  annum,  5 per  cent. 

Dates  due,  February  and  August. 

Par  value  of  extent  of  indebtedness  authorized 

Par  value  of  evidences  of  debt — 

Actually  issued  to  close  of  year 

Actually  outstanding  at  close  of  year 

Evidences  of  debt  actually  issued  during  present  year — 

Par  value  of  total  amount 

Cash  value  of  other  property  acquired  as  consideration  for  issue . 

Discount  on  actual  issues  of  present  year 

Discounts  written  off  to  income  or  profit  and  loss  during  year 

Total  discounts  extinguished  to  close  of  year,  charged  to  operating 

expense,  income,  or  profit  and  loss 

Amount  of  interest  accrued  during  year,  charged  to  income 

Interest  liability  at  close  of  year — 

Matured  and  unpaid 

Accrued  not  yet  due 


$150,  000.  00 

150,  000.  00 
150,  000.  00 

150,  000.  00 
150,  000.  00 
75.  00 
75.  00 

75.  00 

1 5,  854. 17 

2 3,  750.  00 
2 3, 125.  00 


1 Covers  period  from  February  1,  1916,  to  December  31,  1916. 

2 Covers  period  from  March  20,  1916,  to  December  31,  1916. 


152  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Receipts  outstanding  at  the  close  of  the  year  for  installments  received  on  sub- 
scriptions for  bonds  and  other  evidences  of  funded  debt  in  process  of  issuance:  None. 

Purposes  for  which  bonds  and  other  evidences  of  funded  debt  were  issued  or  as- 
sumed during  the  year:  One  hundred  and  fifty  thousand  dollars  first  mortgage  5 per 
cent  bonds  issued  as  part  payment  for  the  assets  property  and  franchises  of  the  Wash- 
ington Interurban  Railway  Co.,  previously  sold  under  foreclosure  to  Gustave  Herre. 
Receiver’s  certificates:  None. 

N ONNEGOTIABLE  DEBT  TO  AFFILIATED  COMPANIES. 

Creditor  Company,  Washington  Railway  & Electric  Co.: 

Principal  received  during  year — 

Amount $4,  257.  82 

Date  of  receipt,  December  27,  1916. 

Date  of  maturity,  demand. 

Interest — 

Rate  per  annum,  6 per  cent. 

Dates  due,  demand. 


Total  amount  owing  at  close  of  year 4,  257.  82 

Sundry  current  liabilities — Credit  balance  at  close  of  year. 

Miscellaneous  accounts  payable: 

Potomac  Electric  Power  Co 1,  202.  29 

Minor  items  (2) 472.  98 

Total 1,  675.  27 

Sundry  unadjusted  credits. — Credit  balance  at  close  of  year. 

Operating  reserves,  minor  item  (1) $840. 81 


Depreciation — road  equipment , and  miscellaneous  physical  property. 

DEBIT  ITEM. 


Balances  at  close  of  year,  accrued  depreciation,  road  and  equipment $1, 063. 23 

CREDIT  ITEMS. 

Passenger  and  combination  cars,  depreciation 3. 84 

Service  equipment,  depreciation 5. 24 

Electric  equipment  of  cars,  depreciation 9. 33 

Way  and  structures 1, 044. 82 

Total 1,063.23 


BASES  OF  DEPRECIATION  CHARGES. 

Depreciation  of  cars  and  car  equipment:  Basis,  3 per  cent  per  annum  on  the  basis 
of  following  arbitrary  values:  Passenger  cars,  at  $165  each;  service  equipment. — One 
at  $75  each;  one  at  $150  each;  electric  equipment  of  cars,  at  $200  per  motor. 

Depreciation  of  way  and  structures:  Basis,  9 per  cent  of  revenue  from  transportation, 
covering  maintenance  renewals  and  depreciation.  Balance  above  in  depreciation 
fund,  represents  excess  of  amount  charged  expenses  over  actual  disbursement. 

Profit  and  loss  statement. 


Item. 

Debits. 

Credits. 

Debit  balance  transferred  from  income  account 

$4,155.63 

75.00 

Debt  discount  extinguished  through  surplus 

Balance  carried  forward  to  balance  sheet 

$4,230.63 

4,230.63 

Total 

4,230.63 

Dividends  declared  during  the  year:  None. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  153 


Income  statement  for  the  year. 

OPERATING  INCOME. 

Amount  appli- 
cable to  the 
year. 

Railway  operating  revenues $18,  820.  25 

Railway  operating  expenses 16,  568. 28 

Net  revenue,  railway  operations 2,  251.  97 

Taxes  assignable  to  railway  operations: 

On  real  and  personal  property $296.  25 

On  earnings 246.  87 

543. 12 

Operating  income 1,  708.  85 

DEDUCTIONS  FROM  GROSS  INCOME. 

Miscellaneous  taxes 10.31 

Interest  on  funded  debt 5,  854. 17 

Total  deductions  from  gross  income 5,  864. 48 

Income  balance  transferred  to  profit  and  loss 4, 155. 63 

Railway  operating  revenues. 

Revenue  from  transportation,  passenger  revenue $18,  820. 25 

Auxiliary  operations:  None. 

Miscellaneous  operations:  None. 

Railway  operating  expenses  for  the  year. 

WAY  AND  STRUCTURES. 

Superintendence  of  way  and  structures $0.  90 

Maintenance  of  way 428. 90 

Maintenance  of  electric  lines 132. 16 

Buildings,  fixtures,  and  grounds 87. 05 

Depreciation  of  way  and  structures 1,  044.  82 

Total  way  and  structures 1,  693. 83 

EQUIPMENT. 

Miscellaneous  equipment  expenses 5.00 

Depreciation  of  equipment 18. 41 

Total  equipment 13.41 

POWER. 

Power  purchased 4, 114.  53 

CONDUCTING  TRANSPORTATION. 

Superintendence  of  transportation 368. 75 

Conductors,  motormen,  and  trainmen 5,  664.  53 

Miscellaneous  transportation  expenses 49. 31 

Total  conducting  transportation 6,  082.  59 


154  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OE  COLUMBIA. 


GENERAL  AND  MISCELLANEOUS. 


General  expenses $2.  56 

Injuries  and  damages 941.00 

Stationery  and  printing 192.  67 

Store,  garage,  and  stable  expenses .95 

Rent  of  equipment 3,  526.  74 


Total  general  and  miscellaneous 4,  663.  92 


RECAPITULATION  OF  EXPENSES. 


Way  and  structures 1,  693.  83 

Equipment. . 13.  41 

Power... 4,114.53 

Conducting  transportation 6,  082.  59 

General  and  miscellaneous 4,  663. 92 


Grand  total  operating  expenses 16,  568.  28 


Operating  ratio  (ratio  of  operating  expenses  to  operating  revenues'),  88.03  per  cent. 
Income  from  lease  of  road:  None. 

Abstract  of  terms  and  conditions  of  leases:  None. 

Miscellaneous  rent  income:  None. 

Dividend  income:  None. 

Income  from  funded  securities:  None. 

Income  from  unfunded  securities  and  accounts:  None. 

Contributions  from  others:  None. 

Miscellaneous  income:  None. 

Rent  for  leased  roads:  None. 

Abstracts  of  leasehold  contracts:  None. 

Miscellaneous  rents:  None. 

Interest  on  unfunded  debt:  None. 

Income  transferred  to  other  companies:  None. 

Miscellaneous  debits:  None. 

Appropriations  of  surplus  to  sinking  fund  and  other  reserves:  None. 

Appropriations  of  surplus  for  investment  in  physical  property:  None. 

Miscellaneous  appropriations  of  surplus:  None. 

Miscellaneous  items  in  'profit  and  loss  account  for  the  year. 

Subaccount  No.  313.  Minor  item  (1),  debits $75 

ROAD  OPERATED  AT  CLOSE  OF  YEAR. 

Class  Ia.  Main  line.  * 

Termini  between  which  road  named  extends,  Fifteenth  and  H Streets  NE.  to 
Berwyn  Heights,  Md. 

Miles  of  road,  8.03;  miles  of  sidings  and  turnouts,  0.23;  total,  8.26. 

Miles  of  road  owned  and  operated  at  close  of  year , hy  States  and  Territories  ( single  trade). 


Main  line: 

District  of  Columbia 2.  64 

Maryland 5.  62 


Total  mileage  (single  track) 8.  26 


Road  owned  at  close  of  year,  by  States  and  Territories:  None. 

Auxiliary  operations  carried  on  at  the  close  of  the  year:  None. 
Miscellaneous  physical  properties  operated  at  the  close  of  the  year:  None. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  155 


Mileage , traffic,  and  miscellaneous  statistics. 


Item. 

Number  or 
amount. 

Item. 

Number  or 
amount. 

Passenger-car  mileage 

Passenger-car  hours 

Regular  fare  passengers  carried 

Free  transfer  passengers  carried 

Total  passengers  carried 

Employees  and  others  carried  free. 

Passenger  revenue 

Average  fare,  revenue  passengers  — 
Average  fare,  all  passengers  (includ- 
ing transfer  passengers) 

117, 558 
12, 055 

Total  revenue  from  transportation . . . 
Revenue  from  transportation  per 
car-mile 

$18, 820. 25 

. 16009 

1. 56120 
18, 820. 25 

. 16009 
1. 56120 
16,568.  28 

. 14094 
1. 37439 

426, 325 
149,395 

575, 720 
1,965 

$18, 820.  25 

.04415 

. 03269 

Revenue  from  transportation  per 

car-hour 

Total  operating  revenues 

Operating  revenues  per  car-mile 

Operating  revenues  per  car-hour. . .. 

Total  operating  expenses 

Operating  expenses  per  car-mile 

Operating  expenses  per  car-hour 

Accidents  to  persons  within  the  District  of  Columbia:  None. 


Employees. 


Maintenance  of  way  and  structures : 


Superintendents 1 

Other  employees 7 

Transportation  : 

Superintendents . 1 

Other  employees 8 

Total 17 


Aggregate  salaries  and  wages  paid  for  the  year,  $8,476.24. 

Description  of  equipment. 


Class. 

With 

electric 

equip- 

ment. 

Without 

electric 

equip- 

ment. 

Total 

number. 

Closed  passenger  cars 

1 

1 

Miscellaneous 

2 

2 

Total  equipment  of  all  classes 

1 

2 

3 

Statement  above  of  cars,  etc.,  is  a statement  of  cars  owned.  This  company  operates 
three  passenger  cars,  hiring  from  other  companies  those  in  excess  of  cars  owned. 

Contracts,  agreements,  etc.:  None. 

IMPORTANT  CHANGES  DURING  THE  YEAR. 

In  accordance  with  authorization  of  the  Public  Service  Commission  of  the  State 
of  Maryland,  dated  March  1,  1916  (Order  No.  2712),  and  the  Public  Utilities  Com- 
mission of  the  District  of  Columbia,  dated  March  16,  1916  (Order  No.  179),  the  re- 
spondent issued  on  January  27,  1916,  $50,000  capital  stock  and  $150,000  first  mortgage 
5 per  cent  bonds,  to  purchase  assets,  property  rights,  and  franchises  of  the  Washington 
Inter  urban  Railway  Co. 


VERIFICATION. 

City  of  Washington, 

District  of  Columbia,  ss: 

William  F.  Ham  makes  oath  and  says  that  he  is  comptroller  of  the  Washington 
Interurban  Railroad  Co.;  that  it  is  his  duty  to  have  supervision  over  the  books  of 
account  of  the  respondent  and  to  control  the  manner  in  which  such  books  are  kept; 
that  he  knows  that  such  books  have,  during  the  period  covered  by  the  foregoing 
report,  been  kept  in  good  faith  in  accordance  with  the  accounting  and  other  orders 
of  the  Public  Utilities  Commission,  effective  during  the  said  period;  that  he  has 
carefully  examined  the  said  report,  and  to  the  best  of  his  knowledge  and  belief  the 


156  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


entries  contained  in  the  said  report  have,  so  far  as  they  relate  to  matters  of  account, 
been  accurately  taken  from  the  said  books  of  account  and  are  in  exact  accordance 
therewith;  that  he  believes  that  all  other  statements  of  fact  contained  in  the  said 
report  are  true,  and  that  the  said  report  is  a correct  and  complete  statement  of  the 
business  and  affairs  of  the  above-named  respondent  during  the  period  of  time  from 
and  including  January  1,  1916,  to  and  including  December  31,  1916. 

Wm.  F.  Ham. 

Subscribed  and  sworn  to  before  me,  a notary  public  in  and  for  the  District  above 
named,  this  28th  day  of  February,  1917. 

[seal.]  J.  E.  Tenly. 

My  commission  expires  March  3,  1921. 

SUPPLEMENTAL  OATH. 

City  of  Washington, 

District  of  Columbia,  ss: 

Clarence  P.  King  makes  oath  and  says  that  he  is  president  of  the  Washington  Inter- 
urban  Railroad  Co.;  that  he  has  carefully  examined  the  foregoing  report;  that  he 
believes  that  all  statements  of  fact  contained  in  the  said  report  are  true,  and  that 
the  said  report  is  a correct  and  complete  statement  of  the  business  and  affairs  of  the 
above-named  respondent  during  the  period  of  time  from  and  including  January  1, 
1916,  to  and  including  December  31,  1916. 

Clarence  P.  King. 

Subscribed  and  sworn  to  before  me,  a notary  public  in  and  for  the  District  above 
named,  this  28th  day  of  February,  1917. 

[seal.]  J.  E.  Tenly. 

My  commission  expires  March  3,  1921. 


WASHINGTON  RAILWAY  & ELECTRIC  CO. 


Name  of  officer  in  charge  of  correspondence  with  the  commission  regarding  this 
report:  W.  F.  Ilam,  comptroller,  Fourteenth  and  C Streets  NW.,  Washington,  D.  C. 

IDENTITY  OF  RESPONDENT. 

1.  Exact  name  of  company  making  this  report:  Washington  Railway  & Electric  Co. 

2.  Date  of  organization:  July  29,  1892,  under  name  of  Washington  & Great  Falls 
Electric  Railway  Co. 

3.  Under  laws  of  what  government,  State,  or  Territory  organized?  Under  act  of 
Congress  approved  July  29,  1892  (27  Stat.,  p.  326);  amended  August  23,  1894  (28  Stat., 
p.  492);  June  3,  1896,  and  June  5,  1900;  February  25,  1913  (37  Stat.,  p.  679);  September 
29,  1914  (38  Stat.,  p.  724). 

4.  If  a consolidated  or  a merging  company,  name  all  constituent  and  all  merged 
companies.  The  Washington  & Great  Falls  Electric  Railway  Co.  by  deed  dated 
July  1,  1896,  acquired  the  West  Washington  & Great  Falls  Electric  Railway  Co.  of 
Montgomery  County.  The  latter  company  was  incorporated  November  5,  1895, 
under  article  23  of  the  laws  of  the  State  of  Maryland . 

By  virtue  of  the  provisions  of  the  act  of  June  5,  1900,  the  Washington  & Great  Falls 
Electric  Railway  Co.  by  deed  dated  February  4,  1902,  acquired  the  properties  and 
franchises  of  the  Columbia  Railway  Co.  and  the  Metropolitan  Railroad  Co.  and 
changed  its  own  name  to  the  Washington  Railway  & Electric  Co.  The  Washington 
Railway  & Electric  Co.  acquired  on  August  31,  1912,  the  properties  and  franchises 
of  the  Anacostia  & Potomac  River  Railroad  Co.,  and  on  December  31,  1912,  the  Bright- 
wood  Railway  Co. 

Columbia  Railway  Co.,  incorporated  under  acts  of  Congress  approved  May  24,  1870 
(16  Stat.,  p.  133),  amended  June  13,  1898;  joint  resolution  March  1,  1901. 

Metropolitan  Railroad  Co.  (embracing  the  Connecticut  Avenue  & Park  Railway 
Co.,  the  Union  Railroad  Co.,  and  the  Boundary  & Silver  Springs  Railway  Co.), 
incorporated  under  act  of  Congress  approved  July  1,  1864  (13  Stat.,  p.  326);  amended 
March  3,  1865  (13  Stat.,  p.  536);  January  30,  1865  (13  Stat.,  p.  426);  March  2,  1867 
(14  Stat.,  p.  440);  March  3, 1869  (15  Stat.,  p.  339);  (C.  A.  & P.  Ry.  Co.),  July  13,  1868 
(15  Stat.,  p.  85);  (U.  R.  R.  Co.),  January  19,  1872;  (B.  & S.  S.  Ry.  Co.),  January  19, 
1872;  May  18,  1872  (17  Stat.,  p.  84);  March  3,  1875  (18  Stat.,  p.  385);  August  6,  1890 
(26  Stat.,  p.  310);  March  3,  1891  (26  Stat.,  p.  870);  July  22,  1892  (27  Stat.,  p.  399); 
July  28,  1892  (27  Stat.,  p.  290);  August  2,  1894  (28  Stat.,  p.  217);  February  26,  1895 
(28  Stat.,  p.  682);  February  27,  1897;  June  6,  1900. 

Brightwood  Railway  Co.,  incorporated  under  act  of  Congress  approved  October  18, 
1888  (25  Stat.,  p.  560);  amended  July  26,  1892  (27  Stat.,  p.  270);  February  27,  1893 
(27  Stat.,  p.  490);  July  7,  1898;  (Met.  R.  R.  Co.),  February  26,  1895  (28  Stat.,  p.  682); 
(B.  & W.  T.  Co.),  June  8, 1896;  (W.  W.  & F.  G.  Ry.  & P.  Co.),  June  29, 1898;  (W.  Ry.  & 
E.  Co.),  June  5,  1900. 

The  Anacostia  & Potomac  River  Railroad  Co.  (embracing  the  Capital  Railway  Co. 
and  the  Belt  Railway  Co.,  formerly  the  Capitol,  North  O Street  & South  Washington 
Railway  Co.),  incorporated  March  19,  1872,  under  the  general  laws  of  the  District  of 
Columbia,  as  provided  by  an  act  of  Congress  approved  May  5,  1870.  Act  giving  ap- 
proval and  sanction  of  Congress  to  the  route  and  termini  of  the  A.  & P.  R.  R.  Co. 
and  to  regulate  its  construction  and  operation,  February  18,  1875  (18  Stat.,  p.  328); 
amended  by  act  of  Congress  April  5,  1876  (19  Stat.,  p.  26);  sundry  civil  bill  March  3, 
1879  (20  Stat.,  p.  404);  act  of  Congress  August  1, 1888  (25  Stat.,  p.  353);  March  24,  1890 
(26  Stat.,  p.  28);  April  30,  1892  (27  Stat.,  p.  22);  June  4,  1900,  July  1,  1902,  March  23, 
1908. 

5.  Date  and  authority  for  each  consolidation  and  for  each  merger.  The  Metro- 
politan Railroad  Co.  absorbed  the  Connecticut  Avenue  & Park  Railway  Co.  in  June, 
1874,  the  Union  Railroad  Co.  in  November,  1872,  and  the  Boundary  & Silver  Springs 
Railway  Co.  in  January,  1873.  The  Washington  & Great  Falls  Electric  Railway  Co. 
acquired  the  West  Washington  & Great  Falls  Electric  Railway  Co.  of  Montgomery 
County,  the  Metropolitan  Railroad  Co.,  and  the  Columbia  Railway  Co.  as  above 
noted.  The  Anacostia  & Potomac  River  Railroad  Co.  purchased  the  Belt  Railway 

157 


158  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 

Co.  under  act  of  Congress  approved  June  24,  1898,  which  was  formerly  known  as 
the  Capitol,  North  O Street  & South  Washington  Railway;  it  also  purchased  the 
Capital  Railway  in  April,  1899. 

6.  If  a reorganized  company,  give  name  of  original  corporation.  Not  a reorganized 
company. 

7.  State  whether  or  not  the  respondent  during  the  year  conducted  any  part  of  its 
business  under  a name  or  names  other  than  that  shown  in  response  to  inquiry  No.  1, 
above.  No. 

8.  Give  name  of  operating  company,  if  any,  having  control  of  the  respondent’s 
property.  Operates  its  own  road. 


Directors. 


Name  of  director. 

Office  address. 

Date  of 
beginning 
of  term. 

Date  of 
expiration 
of  term. 

Milton  E.  Ailes 

Riggs  National  Bank,  Washington,  D.  C.. 
American  Security  & Trust  Co.,  Washing- 
ton, D.  C. 

Hibbs  Building,  Washington,  D.  C 

Jan.  15,1916 
do 

do 

Jan.  20,1917 
Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Do. 

Chas.  J.  Bell 

Woodbury  Blair 

Wm.  F.  Ham 

231  Fourteenth  Street  NW.,  Washington, 
D.  C. 

do 

do 

Clarence  P.  King 

do 

Clarence  F.  Norment 

National  Bank  of  Washington,  Washing- 
ton, D.  C. 

Lincoln  Avenue  and  R Street  NE.,  Wash- 
ington, D.  C. 

165  Bread  wa,v.  New  York  Citv . _ 

do 

George  Trusdell 

do 

Wm.  Loeb,  Jr 

do 

Oscar  L.  Gubelman 

120  Williams  Street,  New  York  City Jdo 

Give  the  names  and  titles  of  all  officers  of  the  board  of  directors  in  control  of  the 
respondent  at  the  close  of  the  year.  Chairman  of  board,  Clarence  P.  King;  secretary 
of  board,  S.  R.  Bowen. 

Name  the  members  of  the  executive  committee  of  the  board  of  directors  of  the 
respondent  at  the  close  of  the  year  (naming  first  the  chairman),  and  state  briefly  the 
powers  and  duties  of  that  committee.  Clarence  F.  Norment  (chairman),  Clarence  P. 
King,  Chas.  J.  Bell,  Woodbury  Blair,  Milton  E.  Ailes.  Powers  and  duties:  Immedi- 
ate charge,  management  and  control  of  business  of  company  subject  to  the  direction 
of  board  of  directors;  full  power  in  the  intervals  between  the  meetings  of  board  of 
directors  to  excise  all  powers  of  the  board  excepting  those  of  electing  officers  or  of 
fixing  the  compensation  of  officers. 

Principal  general  officers. 


Title  of  general  officer. 

Name  of  person  holding  office 
at  close  of  year. 

Office  address  (Washington, 

D.  C). 

Salary 

per 

annum. 

President 

Clarence  P.  King 

231  Fourteenth  Street  NW 

$9,250 
4, 810 
740 

1,850 
1,110 
1,110 
2,220 
1,295 
3, 700 
(1) 

3,330 

3,700 

2,590 

999 

Vice  president 

W.  F.  Ham 

do 

Chairman  executive  commit- 
tee. 

Assistant  to  president 

Chief  surgeon 

Clarence  F.  Norment 

R.  W.  King 

L.  H.  Glazebrook 

National  Bank  of  Washington. . . 

231  Fourteenth  Street  NW 

do 

Assistant  seeretary 

Wm  L Clarke  .. 

do 

Secretary 

S.  R.  Bowen 

do 

Treasurer 

C.  E.  Brown 

do 

(rfvnpra.1  attorney 

John  S Barbour.  . 

do 

Comptroller 

W.  F.  Ham 

do 

Engineer  of  way  and  struc- 
tures. 

Superintendent  of  railways . . . 
Superintendent  of  transporta- 
tion. 

Purchasing  agent 

C S Kimball 

do 

.T  H Stephens 

do 

J T Moffett . . . 

do 

R W Crowell 

do 

1 See  above. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  159 


Employees  other  than  officers. 


Number 

Average  wages. 

Maxi- 

mum 

Class. 

of 

employ- 

ees. 

Per 

month. 

Per 

hour. 

Per 

day. 

hours 

contin- 

uous 

service. 

GENERAL  AND  MISCELLANEOUS. 

4 

$101.02 

Cents. 

1 

111.00 

8 

58 

74.66 

8 

3 

36. 67 

8 

POWER. 

3 

116.39 

* 

8 

2 

$2.12 

8 

12 

2.02 

8-9 

Other  power-plant  employees 

12 

2.26 

8-9 

Substation  employees 

2 

82. 50 

9 

Do 

14 

2.25 

9 

TRANSPORTATION. 

T>i -vision  superintendents 

4 

130. 00 

Inspectors 

4 

100. 00 

Dispatchers  and.  depot  clerks . . . 

15 

2.85 

12 

Starters 

15 

2.77 

12 

Conductors  . 

327 

23|-27 

12 

Motormen  . . 

309 

23|-27 

12 

Switchmen,  flagmen,  yardmen  . 

18 

1.72 

10 

Road,  track,  and  linemen 

173 

1.92 

9-10 

Tube  cleaners 

8 

1.50 

9 

Hostlers,  stablemeD,  etc 

2 

1.50 

12 

Instructors,  agents,  clerks,  etc 

10 

83.85 

8 

CAR  HOUSES  AND  SHOPS. 

Foremen 

18 

102.33 

10 

Armature  winders 

5 

2.65 

9 

Electricians 

4 

3.00 

9 

Car  cleaners 

37 

57 

1.61 

10 

Car-house  men 

2.10 

10 

Carpenters 

21 

2.76 

9 

Blacksmiths 

3 

3.08 

9 

Machinists 

9 

2.89 

9 

W ood  workers 

1 

3.25 

9 

Painters 

8 

2. 78 

9 

Other  shop  employees 

49 

2.11 

9 

Note. — The  Washington  Railway  & Electric  Co.  is  the  equitable  owner  of  the 
majority  of  the  capital  stock  of  certain  corporations  and  as  such,  through  its  board 
of  directors,  may  direct  the  voting  of  such  stock  at  the  stockholders  meeting  for  the 
election  of  directors  and  for  certain  other  corporate  purposes,  subject,  however,  to 
restrictions  contained  in  its  consolidated  mortgage  under  which  most,  if  not  all,  of 
said  stock  is  pledged.  The  corporations  in  question  are  managed  and  controlled  by 
their  respective  board  of  directors  and  officers,  and  are,  therefore,  not  under  the  con- 
trol of  the  Washington  Railway  & Electric  Co.  (See  P.  P.  Car  Co.  v.  Mo.  Pac.,  115 
U.  S.,  587.)  Limiting,  therefore,  the  sense  of  the  word  “control”  to  a present  right 
to  direct  the  vote  of  sufficient  stock  to  elect  directors  of  its  selection,  the  schedules 
following  have  been  filled  out. 


Transportation  corporations  controlled  by  respondent. 


Name  of  active  transportation  corporation 
controlled. 

Character  of  control. 

Sole  or 
joint. 

How  established. 

Extent. 

Direct  or 
indirect. 

City  & Suburban  Ry.  of  Washington 

Georgetown  & Tennallytown  Ry.  Co 

Sole 

. .do 

Title  to  securities. . . . 

. .do 

Per  cent. 
96 
81 
98 
100 
100 

Direct . 

Do. 

Do. 

Do. 

Indirect. 1 

Washington  & Glen  Echo  R.  R.  Co 

Washington  & Rockville  Ry.  Co 

...do 

do. . . . 

do 

do 

Washington  Interurban  R.  R.  Co 

...do 

do 

1 Control  exists  through  Washington  & Rockville  Ry.  Co. 


160  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


NONTRANSPORTATION  CORPORATIONS  CONTROLLED  BY  RESPONDENT. 

Name  of  active  nontransportation  corporation  controlled:  Potomac  Electric  Power 
Co. 

Character  of  control:  Sole;  how  established,  title  to  securities;  extent,  100  per  cent; 
direct. 

Note. — Three  thousand  three  hundred  and  thirty-four  shares  of  the  capital  stock 
of  the  Great  Falls  Power  Co.  have  been  deposited  with  the  United  States  Mortgage  & 
Trust  Co.  in  escrow  to  secure  the  faithful  performance  of  one  certain  contract  between 
the  Washington  Railway  & Electric  Co.  and  the  Potomac  Electric  Power  Co.,  pro- 
viding for  the  conveyance  of  an  undivided  two-thirds  interest  in  power  site  at  Great 
Falls.  These  shares  are  not  now  shown  on  the  books  of  the  railway  company  as  its 
property. 

VOTING  POWERS  AND  ELECTIONS. 

1.  State  the  par  value  of  each  share  of  stock.  Common,  $100  per  share;  first  pre- 
ferred, $100  per  share. 

2.  State  whether  or  not  each  share  of  stock  has  the  right  to  one  vote.  Yes. 

3.  Are  voting  rights  proportional  to  holdings?  Yes. 

4.  Are  voting  rights  attached  to  any  securities  other  than  stock?  No. 

5.  Has  any  class  or  issue  of  securities  any  special  privileges  in  the  election  of  direc- 
tors, trustees,  or  managers,  or  in  the  determination  of  corporate  action  by  any  method? 
No. 

6.  Give  the  date  of  the  latest  closing  of  the  stock  book  prior  to  the  actual  filing 
of  this  report,  and  state  the  purpose  of  such  closing,  December  29,  1916,  account 
stockholders’  meeting. 

7.  State  the  total  voting  power  of  all  security  holders  of  the  respondent  at  the  date 
of  such  closing,  if  within  one  year  of  the  date  of  such  filing;  if  not,  state  as  of  the 
close  of  the  year.  One  hundred  and  fifty  thousand  votes,  as  of  December  29,  1916. 

8.  State  the  total  number  of  stockholders  of  record,  corresponding  to  the  answer 
to  inquiry  No.  7.  Two  thousand  one  hundred  and  nineteen  stockholders. 

9.  Give  the  names  of  the  20  security  holders  of  the  respondent  who,  at  the  date  of 
the  latest  closing  of  the  stock  book  or  compilation  of  list  of  stockholders  of  the  re- 
spondent (if  within  one  year  prior  to  the  actual  filing  of  this  report),  had  the  highest 
voting  powers  in  the  respondent,  showing  for  each  his  address,  the  number  of  votes 
which  he  would  have  had  a right  to  cast  on  that  date  had  a meeting  then  been  in 
order,  and  the  classification  of  the  number  of  votes  to  which  he  was  entitled,  with 
respect  to  securities  held  by  him,  such  securities  being  classified  as  common  stock, 
second  preferred  stock,  first  preferred  stock,  and  other  securities,  stating  in  a footnote 
the  names  of  such  other  securities  (if  any).  If  any  such  holder  held  in  trust,  give 
(in  a footnote)  the  particulars  of  the  trust.  If  the  stock  book  was  not  closed  or  the 
list  of  stockholders  compiled  within  such  year,  show  such  20  security  holders  as  of 
the  close  of  the  year. 


Name  of  security  holder. 

Address  of  security  holder. 

Number 
of  votes 
to  which 
security 
holder  was 
entitled. 

Number  of  votes,  clas- 
sified with  respect  to 
securities  on  which 
based. 

Common 

stocks. 

First 

preferred 

stocks. 

Truxton  Beale 

28  Jackson  Place,  Washington,  D.  C. 

2,528 

784 

1,744 

Daniel  Fraser 

National  Bank  of  Washington  Wash- 

825 

100 

725 

Fidelity  Trust  Co.,  trustee, 
under  indenture  of  Wash- 
ington Utilities  Co.,  dated 
May  1,  1915.1 

J.  C.  Freeland 

W.  B.  Hibbs  & Co 

ington,  D.  C. 

Baltimore,  Md  . 

27,500 

1,000 

2,812 

800 

27,500 

1,000 

2,068 

200 

603  Hibbs  Building,  Washington, 
D.  C. 

Washington,  D.  C 

744 

Jos.  H.  Hunter 

1813  G Street  NW., Washington, D.  C. 

600 

Norman  Grey 

104  Market  Street,  Camden,  N.  J 

1,000 

1,213 

1,000 

1,000 



Magdalena  Lieb 

50  Central  Park  West,  New  York 

213 

Maitland,  Coppell  & Co 

City. 

52  Williams  Street,  New  York  City. . 

1,310 

1,310 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  161 


Address  of  security  holder. 

Number 
of  votes 
to  which 
security 
holder  was 
entitled. 

Number  of  votes,  clas- 
sified with  respect  to 
securities  on  which 
based. 

Common 

stocks. 

First 

preferred 

stocks. 

National  Bank  of  Washington, 

925 

925 

Washington,  D.  C. 

1202  Pennsylvania  Avenue,  Wash- 

1,000 

1,000 

ington,  D.  C. 

Trenton, N.  J 

4.500 

3,000 

1,500 

1703  Rhode  Island  Avenue,  Wash- 

2,825 

1,600 

1,225 

ington,  D.  C. 

Care  Fidelity  Trust  Co.,  Baltimore, 

2,400 

2,400 

Md. 

Wayne,  Penn 

1,000 

1,500 

1,000 

1,500 

1627  Lincoln  Avenue  NE. , Washing- 

ton, D.  C. 

Riggs  National  Bank 

1,015 

1,850 

1,015 

Cedar  Hill,  Tenn 

680 

1, 170 

1512  H Street  NW.,  Washington, 

1,200 

1,200 

D.  C. 

1303  New  Hampshire  Avenue,  Wash- 

750 

750 

ington,  D.  C. 

Name  of  security  holder. 


Clarence  F.  Norment. 
J.  W.  Rich 


Washington  A.  Roebling. 
Chas.  A.  Spalding 


H.  Elmer  Singewald . 


Frederich  H.  Treat. 
Geo.  Truesdell 


E.  L.  de  M.  Van  Swinderon. 

Mary  B.  Washington 

John  F.  Wilkins 


Guy  F.  Whiting. 


i Unable  to  state;  particulars  of  trust  unknown. 

10.  State  the  total  number  of  votes  cast  at  the  latest  general  meeting  for  the  election 
of  directors  of  the  respondent.  One  hundred  and  seven  thousand  five  hundred  and 
forty  and  one-fourth  votes  cast. 

11.  Give  the  date  and  place  of  such  meeting.  January  15,  1916,  Washington,  D.  C. 


CORPORATE  CONTROL  OVER  RESPONDENT. 


1. Did  any  corporation  or  corporations,  transportation  or  other,  hold  control  over 
the  respondent  at  the  close  of  the  year?  No. 

2.  Did  any  individual,  association,  or  corporation  hold  control,  as  trustee,  over 
the  respondent  at  the  close  of  the  year?  No. 

GUARANTIES  AND  SURETYSHIPS. 

The  Washington  Railway  & Electric  Co.  is  under  contract  of  guaranty  whereby 
it  has  agreed  to  guarantee  the  Potomac  Electric  Power  Co.  consolidated  mortgage 
5 per  cent  bonds,  secured  under  deed  of  trust  to  the  Commercial  Trust  Co.  of  New 
Jersey,  dated  June  30,  1906,  to  the  amount  of  $7,000,000,  principal  and  interest 
thereon.  Bonds  under  this  mortgage  to  the  amount  of  $5,300,000  have  been  actually 
issued  and  under  said  mortgage  and  guaranteed.  The  railway  company  owns  all 
the  capital  stock  of  the  said  Potomac  Co.  and  guaranty  is  made  under  provision 
of  act  of  Congress  approved  June  5,  1900. 

The  Washington  Railway  & Electric  Co.  has  guaranteed  $462,000  bonds  of  the 
Anacostia  & Potomac  River  Railroad  Co.,  both  principal  and  interest,  issued  for 
the  purpose  of  additions,  betterments  and  extensions  in  connection  with  new  Union 
Station.  These  bonds  were  issued  under  the  terms  of  a deed  of  trust  given  by  the 
Anacostia  Co.  to  the  Baltimore  Trust  & Guarantee  Co.,  dated  April  1,  1899.  At  the 
time  of  guaranty  the  Washington  Railway  & Electric  Co.  owned  a majority  of  the 
capital  stock  of  the  Anacostia  Co.  On  August  31,  1912,  the  Washington  Railway  & 
Electric  Co.  acquired  all  the  assets,  rights,  and  franchises  of  the  Anacostia  Co. 

H.  Doc.  2038,  64-2 11 


162  BALANCE  sheets  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA 


Comparative  general  balance  sheet. 

ASSETS. 


Balance  at 
beginning  of 
year. 

Item. 

Balance  at 
close  of  year. 

Net  change 
during 
year  (in- 
crease in 
roman,  de- 
crease in 
italic). 

$32,435,369.51 

INVESTMENTS. 

Road  and  equipment 

$32,251,466. 75 

$183,902. 76 

12,223.30 

(W)  Total  book  assets  at  close  of  year $13,550.36 

(62)  Respondent’s  own  issues,  included  in 

(ft1) 5,000.00 

Sinking  funds 

8, 550. 36 

3,672.94 

83.53 

Miscellaneous  physical  property 

472. 65 

389. 12 

8,329.63 

Investments  in  affiliated  companies: 

Stocks 

33,819.63 

25,490.00 

8,000.00 

Bonds 

160, 000. 00 

152,000.00 

80,033.10 

Notes 

67, 524. 30 

12,508.80 

32,544,039. 07 

Total  investments 

32,521,833.69 

22,205.38 

256,730.68 

29,498.49 

CURRENT  ASSETS. 

Cash 

338,883. 04 
32,377.49 

82, 152. 36 
2,879. 00 

Special  deposits 

173,387. 54 

Loans  and  notes  receivable 

255,409.70 

82,022.16 

184,441.84 

Miscellaneous  accounts  receivable 

163, 752. 07 

20, 689. 77 

99,006.98 

Material  and  supplies 

110,129.34 

11,122.36 

825.  00 

Interest,  dividends,  and  rents  receivable 

1,333. 27 

508. 27 

7,606.41 

Other  current  assets 

12,643.38 

5,036.97 

751,496.94 

Total  current  assets 

914,528.29 

163,031.35 

7,268.90 

UNADJUSTED  DEBITS. 

Rents  and  insurance  premiums  paid  in  advance 

2,238. 16 

5,030. 74 

332,087. 09 

Discount  on  funded  debt 

323,663.51 

8,423.58 

55,050.45 

Other  unadjusted  debits 

47, 108.50 

7,941.95 

394,406.44 

Total  unadjusted  debits 

373,010.17 

21,396.27 

33,689,942.45 

Grand  total 

33,809,372.15 

119,429. 70 

LIABILITIES. 


$15,000,000. 00 


16,466,350. 00 


67,509. 06 
21,762. 34 
28,380. 00 
1,118. 49 
114,482.83 


233,252.  72 


145.  00 


58, 795.  46 
5, 134.  71 
746,056.  78 
121,958.01 


931,944.96 


536. 94 
1,057,712.83 


1,058,249.  77 


33,689,942. 45 


Capital  stock 


STOCK. 


$15,000,000. 00 


LONG-TERM  DEBT. 


Funded  debt  unmatured 

(61)  Total  book  liability  at  close  of  year.  $16,471,350. 00 
( b 2)  Respondent’s  holdings  included 
in  (6i) 5,000.00 


CURRENT  LIABILITIES. 


16,466,350. 00 


Audited  accounts  and  wages  payable 

Miscellaneous  accounts  payable. 

Matured  interest,  dividends,  and  rents  unpaid. 

Matured  funded  debt  unpaid 

Accrued  interest,  dividends,  and  rents  payable 

Total  current  liabilities 

DEFERRED  LIABILITIES. 


65,480.01 
7, 139. 85 
32,259.00 
118.49 
114,482.83 


219,480.18 


$2,029.05 
U,  622. 49 
3,879.00 
1,000.00 


13,772.54 


Deferred  liabilities  other  than  for  provident  funds 

UNADJUSTED  CREDITS. 

Tax  liability 

Operating  reserves 

Accrued  depreciation,  road  and  equipment 

Other  unadjusted  credits 

Total  una  djusted  credits 

CORPORATE  SURPLUS. 


153. 00 


71,858.99 
71,688.68 
793,404.43 
113,246.  66 


1,050,198. 76 


8.  00 


13,063.53 

66,553.97 

47,347.65 

8,711.35 


118,253.80 


Sinking  fun  d reserves 

Profit  and  loss,  credit  balance. 


1,267.27 
1,071,922. 94 


730.33 

14,210.11 


Total  corporate  surplus 
Grand  total 


1,073,190.21  I 14,940.44 
33,809,372.15  | 119,429.70 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  163 


Road  and  equipment. 


Account. 


I.  WAY  AND  STRUCTURES. 

Engineering  and  superintendence 

Right  of  way 

Other  land  used  in  electric  railway  operations 

Grading 

Ballast 

Ties 

Rails,  rail  fastenings,  and  joints 

Special  work 

Underground  construction 

Track  and  roadway  labor 

Paving 

Roadway  machinery  and  tools 

Bridges,' trestles,  and  culverts 

Crossings,  fences,  and  signs 

Signals  and  interlocking  apparatus 

Telephone  and  telegraph  lines 

Poles  and  fixtures 

Underground  conduits 

Distribution  system 

Shops  and  car  houses 

Stations,  miscellaneous  buildings,  and  structures 
Other  expenditures,  way  and  structures 

Total  expenditures  for  way  and  structures . . 

II.  EQUIPMENT. 

Passenger  and  combination  cars 

Service  equipment 1 

Electric  equipment  of  cars  1 

Locomotives 

Shop  equipment 

Furniture 

Miscellaneous  equipment 

Total  expenditures  for  equipment 

III.  POWER. 


Substation  buildings 

Power  plant  equipment 1 

Transmission  system 

Total  expenditures  for  power 

IV.  GENERAL  AND  MISCELLANEOUS. 

Injuries  and  damages 

Miscellaneous 

Total  general  and  miscellaneous  expenditures. . 

Grand  tptal 


Investment 
in  road 
and  equip- 
ment, Jan. 
1,1915, to 
close  of 
preceding 
year. 

Total 

investment 
in  road 
and  equip- 
ment 
during 
the  year. 

Total 

investment 
in  road 
and  equip- 
ment 
since  Dec. 
31,1914. 

$15,207. 60 

$1,728.40 

$16,936.  OO 

139. 88 

25. 00 

164.88 

4,348.35 

4,348. 35 

4,011.11 

1,972.  56 

5, 983. 67 

8,203. 06 

4,173.31 

12, 376. 37 

104. 80 

117.45 

222. 25 

19,256.07 

1,295. 88 

20,551.95 

44, 723. 71 

651.00 

45, 374.  71 

44,643.39 

371.24 

45, 014. 63 

33,474.49 

3,354.01 

36, 828. 50 

12,331.23 

12, 279.94 

24,611.17 

2,695. 03 

1.25 

2, 696.  28 

893.91 

8.68 

902.  59 

388.46 

20.12 

408.58 

276. 48 

11.56 

264. 92 

698.31 

698. 31 

1,256.96 

215. 62 

1,472.  58 

109. 28 

64. 06 

173. 34 

16,850. 68 

1,343.48 

18, 194. 16 

10, 804.  86 

2, 764. 41 

13, 569.  27 

71.91 

1,081.53 

1,153.44 

6,014.71 

1,867.37 

7,882. 08 

221,602.97 

37, 695.  22 

259, 298. 19 

5, 796. 13 

2, 892. 39 

2,903. 74 

2,230.84 

895. 94 

3, 126.  78 

286. 97 

1,274.93 

1,516.90 

551.07 

551.07 

2,016.46 

1,075.00 

941.46 

379. 25 

1,701.23 

2, 080. 48 

325.35 

1,104. 65 

1,430.  00 

5,041.81 

2, 452.  40 

2,589.41 

1,025.  71 

1,025.  71 

67,000.00 

67, 000. 00 

90.11 

90.11 

1,115.  82 

67,000.00 

65, 884. 18 

147.  45 

2.56 

150. 01 

5, 841. 29 

947.  06 

6, 788. 35 

5,988.74 

949.  62 

6, 93S.  36 

223, 665.  72 

25,902.76 

197,762.96 

1 Equipment  sold  and  retired. 

The  uniform  system  of  accounts  for  electric  railway  corporations  in  accordance  with  which  books  of 
this  company  are  kept  does  not  provide  for  a separation  of  “Investment  in  new  lines  and  extensions”  and 
“ Investment  in  additions  and  betterments.” 


164  BALANCE  sheets  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Respondent's  investment  in  road  and  equipment  at  close  of  year. 


Investment  to  Dec.  31,  1908 $27,  817,  946.  49 

Investment  from  Dec.  31,  1908,  to  Dec.  31,  1914 4,  235,  757.  30 

Investment  since  Dec.  31,  1914 197,  762.  96 


Total  investment  in  road  and  equipment 32,  251,  466.  75 


In  addition  to  securities  included  in  road  and  equipment,  there  is  included  a 
certain  amount  of  miscellaneous  physical  property,  the  book  value  of  which  can  not 
be  stated  separately. 

It  is  not  possible  to  state  the  cost  of  road  and  equipment  separately  from  the 
cost  of  stocks,  funded  debt,  and  promissory  notes  owned,  as  the  latter  and  the  prop- 
erties and  franchises  of  the  Metropolitan  Railroad  Co.  and  the  Columbia  Railway  Co. 
were  acquired  at  one  and  the  same  time,  to  wit,  February  4,  1902,  at  which  time  the 
Washington  & Great  Falls  Electric  Railway  Co.,  now  the  Washington  Railway  & 
Electric  Co.,  delivered  $14,913,200  of  its  capital  stock  and  $7,992,350  of  its  consoli- 
dated mortgage  4 per  cent  bonds  in  payment  of  certain  stocks,  bonds,  and  promissory 
notes,  and  the  properties  and  franchises  of  the  Metropolitan  Railroad  Co.  and  the 
Columbia  Railway  Co.  On  August  31,  1912,  this  company  also  acquired,  by  consoli- 
dation, the  properties  and  franchises  of  the  Anacostia  & Potomac  River  Railroad  Co., 
and  on  December  31,  1912,  the  properties  and  franchises  of  the  Brightwood  Rail- 
way Co. 

Investment  to 'Dec.  31,  1908,  as  shown  in  last  report $27,  975,  946.  49 

Less  following  securities  of  Washington  & Rockville  Ry.  Co.  and 
Washington,  Woodside  & Forest  Glen  Ry.  & Power  Co.  retired 
during  present  year  and  replaced  by  new  securities,  which  are 
included  in  “Investments”  : 

Washington  & Rockville  Ry.  Co.  first-mortgage  bonds. . . $75,  000 
Washington,  Woodside  & Forest  Glen  Ry.  & Power  Co. — 

Stocks 25,000 

First-mortgage  bonds 32,  000 

Promissory  notes 26,  000 

— 158,  000.  00 


27,  817,  946.  49 


Memorandum  of  securities  included  in  1 1 Investments  in  road  and  equipment 


Par  value  of 
amount 
included.1 

Name,  location,  and  extent  of  road. 

City  & Suburban  Ry.  of  Washington: 

Stock 

SI  667,000.00 

City  & Suburban  Ry.  of  Washington;  Dis- 
trict of  Columbia  and  State  of  Maryland; 
41.43  miles  of  single  track. 

Georgetown  & Tennallytown  Ry.  Co.;  Dis- 
trict of  Columbia;  8.51  miles  of  single  track. 

Promissory  notes 

89,909. 02 

161,600.00 

Georgetown  & Tennallytown  Ry.  Co.: 

Stock  . 

First  mortgage  bonds 

70. 000.  00 

30.000. 00 

109. 000.  00 

197, 150. 00 

200.000. 00 

50.000. 00 
22, 061.  25 

250, 000. 00 

250, 000. 00 
5, 750,000.00 

Second  mortgage  bonds 

Promissory  notes 

Washington  <k  Glen  Echo  R.  R.  Co.: 

Stock  

Washington  & Glen  Echo  R.  R.  Co.;  road 
not  operative. 

First  mnrtgflgp  hrmris  

Second  mortgage  bonds 

Promissory  notes 

Washington  &. Rockville  Rv.  Co.,  stock 

Potomac  Electric  Power  Co.: 

Preferred  stock 

Washington  & Rockville  Ry.  Co.:  State  of 
Maryland;  14.44  miles  of  single  track. 

Potomac  Electric  Power  Co.;  District  of  Co- 

Common stock  

lumbia  and  State  of  Maryland. 

Total 

8,846,720. 27 

i Unable  to  state  book  value  of  amount  included. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  165 


Summary  of  securities  owned. 


Kind  of  securities  held. 


Securities 
held  in 
sinking  and 
other  spe- 
cial funds — 
Par  value 
and  book 
value. 


SECURITIES  OF  OTHER  CORPO- 
RATIONS NOT  ASSUMED. 

Stocks: 

Companies  affiliated  with 
respondent,  carrier  cor- 
porations, active 

Bonds: 

Companies  affiliated  with 
respondent,  carrier  cor- 

rations,  active 

Notes: 

Companies  affiliated  with 
respondent 

Grand  total,  securities 
of  other  corporations 
not  assumed 

RECAPITULATION  OF  SECURI- 
TIES OF  OTHER  CORPORA- 
TIONS. 

Stocks  of  companies  affiliated 

with  respondent 

Bonds  of  companies  affiliated 

with  respondent 

Notes  of  companies  affiliated 
with  respondent 

Total  securities  of  affil- 
iated companies 

SECURITIES  ISSUED  OR  AS- 
SUMED BY  RESPONDENT. 


Bonds  and  other  evidences  of 
funded  debt 


$5, 000. 00 


Securities  held  unen- 
cumbered- 


securities 
pledged  as 
collateral — 
Par  value 
and  book 
value. 


$25,000.00 


133,000. 00 


158, 000. 00 


25, 000. 00 
133,000.00 


158,000. 00 


Par 

value. 


$15,250. 00 

27,000. 00 
67,524. 30 

109, 774. 30 


15, 250. 00 
27,000.  00 
67, 524. 30 

109, 774. 30 


Book 

value. 


$8, 819. 63 

27, 000. 00 
67,524. 30 

103,343. 93 


8,819. 63 
27,000. 00 
67,524.30 

103, 343.  93 


Total  securities 
owned— 


Par  Book 

value.  value. 


$40,250.00 


$33,819. 63 


160,000.00  j 160,000.00 

67,524.30  I 67,524.30 


267, 774. 30 

261,343.93 

40,250.00 

33, 819. 63 

160,000.00 

160,000.00 

67,524.30 

67,524.30 

267, 774. 30 

261,343. 93 

5,000.00 

5,000.00 

For  other  securities  owned,  see  memorandum  of  securities  included  in  “Investment 
in  road  and  equipment.” 


Sinking  funds. 


Fund 

mark. 

Name  of  fund. 

Description  of  obligation  to 
be  redeemed  through  oper- 
ation of  fund . 

Name  of  trustee  of 
fund. 

Balance 
in  fund 
at  be- 
ginning 
of  year. 

A 

Sinking  fund,  Metropolitan 
It.  It. 

Sinking  fund,  Anacostia  & 
Potomac  River  R.  R. 

Metropolitan  R.  R.  Co.  first- 
mortgage  5 per  cent  bonds, 
Feb.  1 1925. 

Anacostia  & Potomac  River 
R.  R.  Co.  first-mortgage 

5 per  cent  bonds,  Apr.  1, 
1949. 

Baltimore  Trust  Co. . . 

do 

$17, 059.  80 

163. 50 

B .. 

Total 

17,223. 30 

166  BALANCE  sheets  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Sinking  funds — Continued. 


Fund 

mark. 

Additions  to  fimd 
during  year. 

With- 

drawals 

from 

fund 

during 

yeard 

Balance 
in  fund 
at  close 
of  year. 

Cash  in 
fund  un- 
invested 
at  close 
of  year. 

Names  of  securities 
and  other  invest- 
ments in  fund  at 
close  of  year. 

Securities 
issued  or 
assumed  by 
respondent 
and  held  in 
fund  at  close 
of  year. 

In- 

come 

from 

invest- 

ment 

of 

fund. 

Other 

addi- 

tions 

to 

fund. 

Total 

addi- 

tions 

to 

fund. 

Par 

value. 

Book 

value. 

A 

$250 

$190. 68 

$440. 68 

.54, 113. 62 

$13,386. 86 

16,3.  60 

$8,386. 86 

163. 50 

Metropolitan  R.  R. 
Co.  first-mortgage 

5 per  cent  bonds  due 
Feb.  1,  1925. 

$5,000 

$5,000 

B 

Total... 

250 

190. 68 

440. 68 

4, 113. 62 

13,550.36  8,550.36 

1 Withdrawn  for  expenditures  for  improvements  per  terms  of  mortgage  and  with  consent  of  trustee. 

Deposits  in  lieu  of  mortgaged  property  sold:  None. 


Miscellaneous  physical  property.1 


Name  and  description  of  physical  property  held  at  close  of  year  as 
ah  investment.  * 

Actual 

Date  of  acqui-  money  cost 
sition.  | to  respon- 

dent. 

Amount  at 
at  which 
carried  on 
respond- 
ent’s books 
at  close  of 
year. 

Laying  sidewalk  abutting  lots  8, 10,  and  800  in  square  3007,  Geor- 
gia Avenue 

Aug.  29,1914  $83.53 

Apr.  20,1916  279.12 

Nov.  11,1916  110.00 

- - . 

$83. 53 

Paving  roadway  abutting  lots  13  to  20  in  square  1263  south  side  P 
Street 

279. 12 

Land  for  small  parks  abutting  lots  8,  10,  800,  806,  807,  808,  809,  in 
square  3007,  Georgia  Avenue  and  Gallatin  Street 

110.00 

Total 

472. 65 

1 Covers  only  changes  since  July  1, 1914. 


Special  deposits. 


Name  of  depositary. 

Purpose  of  deposit. 

Amount 
at  close  of 
year. 

American  Security  & Trust  Co 

Redemption  of  coupons,  Columbia  Ry.  Co.,  first 
mortgage  6 per  cent  bonds. 

Redemption  of  coupons,  Columbia  Ry.  Co.  second 
mortgage  5 per  cent  bonds. 

Redemption  of  coupons,  Anacostia  & Potomac 
River  R.R.  Co.  first  mortgage  5 per  cent  bonds. 

Redemption  of  coupons,  Metropolitan  R.  R.  Co.  first 
mortgage  5 per  cent  bonds. 

Redemption  of  coupons  Washington  Ry.  & Electric 
Co.,  first  mortgage  4 per  cent  bonds.  * 

Redemption  of  coupons,  outstanding  certificates  of 
indebtedness  Metropolitan  R.  R. 

$270. 00 

225.00 

1, 800. 00 

775. 00 

29, 189. 00 

118. 49 

Do 

Baltimore  Trust  Co 

Do 

United  States  Mortgage  & Trust  Co 

Do 

Total 

32, 377.  49 

p*  Investments  in  securities  of  noncarrier 'companies  affiliated  with  respondent:  None, 
except  as  stated  in  memorandum  of  securities  included  in  ‘‘Investment  in  road  and 
equipment.” 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  167 


Investments  in  securities  of  carriers  affiliated  with  respondent. 


Pledged. 

Unpledged. 

Lien 

refer- 

ence. 

Class 

No. 

Name  of  issuing  company  and  description  of 
security  held. 

Par  value 
of  amount 
held  at 
close  of 
year. 

Book 
value  at 
close  of 
year. 

Par  value 
of  amount 
held  at 
close  of 
year. 

Book 
value  at 
close  of 
year. 

A 

1 

City  & Suburban  Ry.  of  Washington,  stock 

$14, 150. 00 

$8, 709. 63 

110. 00 

A 

1 

Georgetown  & Temiallytown  Ry.  Co.: 

Stock 

1,100. 00 

C 

1 

Promissory  note 

63, 266.  48 

63, 266.  48 

27,000.00 

B.... 

1 

Washington  & Rockville  Ry.  Co.: 

First  mortgage  5 per  cent  bonds  (Nov.  1, 1965; 
May-November) 

$133,000 
25, 000 

$133, 000 
25,000 

27,000.00 

A 

1 

Stock 

C 

1 

Washington  Interurban  R.  R.  Co.,  promissory 
note 

4, 257. 82 

4,257.82 

Total 

158,000 

158,000 

109, 774. 30 

103,343.93 

For  other  securities  owned  see  memorandum  of  securities  included  in  “Investment 
in  road  and  equipment.” 

Investments  in  securities  of  nonaffiliated  companies:  None. 

Investment  advances  to  other  companies:  None. 

Securities  and  other  intangibles  owned  or  controlled  through  nonreporting  sub- 
sidiaries: None. 

Insurance  and  other  funds:  None. 

Discounts  and  premiums  on  securities  outstanding. 


Name  of  security. 

Unextin- 
guished dis- 
count at 
beginning  of 
year. 

Total  dis- 
count suf- 
fered on 
actual  is- 
sues made 
during 
year. 

Discount 
written 
off  during 
year 
to  “In- 
come.” 

Discount 
unextin- 
guished at 
close  of 
year. 

Washington  Ry.  & Electric  Co.  consolidated  mortgage  4 
per  cent  bonds 

$300,014. 58 

31,571.70 

2 500. 81 

i $878. 94 

$8,353.08 

949. 44 

$292,540.44 

30,622.26 

500.81 

Anacostia  & Potomac  River  R.  R.  Co.  first  mortgage  5 per 
cent  bonds 

Washington  Ry.  & Electric  Co.  general  improvement  6 per 
cent  debenture  bonds 

Grand  total 

332, 087. 09 

878.94 

9, 302. 62 

323,663.51 

1 Expense  incurred  during  year  1916  in  connection  with  this  mortgage.  (No  bonds  issued  during  this 
year.) 

* This  amount  represents  cost  of  engraving  and  printing  Washington  Rv.  & Electric  Co.  general  improve- 
ment 6 per  cent  debenture  bonds  that  have  not  as  yet  been  issued. 

Property  abandoned  chargeable  to  operating  expenses:  None. 


Other  unadjusted  debits — Booh  value  of  item  at  close  of  year. 


Expenses  of  valuation  of  properties $43,  612.  38 

Minor  items,  pending  proper  distribution,  7 in  number 3,  496. 12 

Total 47,108.50 


168  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Capital  stock. 


Stocks  actually  is- 
sued prior  to 
present  year. 


Class  of  stock  and  authorization. 


Par  value 
of  amount 
author- 
ized. 


Par  value 
of  total 
amount 
actually 
issued  to 
close  of 
year. 


Par  value 
of  amount 
actually 
outstand- 
ing at 
close  of 
year. 


Par 

value. 


Cash  re- 
ceived as 
considera- 
tion for 
issue,  cash 
value  of 
other 
property 
acquired 
as  consid- 
eration 
for  issue, 
and  cash 
value  of 
services 
received 
as  consid- 
eration 
for  issue.1 * * * * & 


Amount 
of  divi- 
dends 
declared 
during 
year. 


Amount 
of  divi- 
dends 
paid  dur- 
ing year. 


Common  stock,  authorizations 
closed  prior  to  present  year. .. 

First  preferred  stock,  authori- 
zations closed  prior  to  present 
year 


$6, 500, 000  *6, 500, 000  86, 
8,500,000:  8,500,000 


Grand  total,  all  classes  of 
stocks 


15,000,000.15,000,000 


.500,000 

8,500,000 


I 

| 

$6, 500, 000  $6, 500, 000  $455,000 
8,500,000  8,500,000  425,000 


$455,000 

425,000 


15,000,000 


15, 000, 000  15, 000, 000  880, 000 


880,000 


1 $86,800  common  stock  issued  in  1894  and  1895  for  services  and  expenditures  in  obtaining  charter  and 
right  of  way. 

$6,413,200  common  stock  and  $3,503,000  preferred  stock  issued  Feb.  4, 1902,  as  part  payment  for  the  prop- 
erty and  franchises  of  the  Metropolitan  R.  R.  Co.,  subject  to  its  funded  debt,  amounting  to  $2,350, 00u, 
in  cluding  all  the  lands,  franchises,  street  railway  lines  and  routes  and  other  property,  real,  personal,  and 
mixed  of  the  Metropolitan  R.  R.  Co.,  together  with  all  and  singular  its  tracks,  buildings,  structures,  engines, 
boilers,  generators,  machinery,  tools,  bolts,  furniture,  fixtures,  appliances,  rights,  privileges,  contracts, 
grants,  licenses,  easements,  franchises,  consents,  poles,  wires,  feed  wires,  return  wires,  overhead  construc- 
tion, motors,  underground  pipes,  conduits,  subvays,  substructures,  superstructures,  ways  and  rights  of 

way,  stations,  offices,  and  shops,  and  also  all  rights  of  way  of  the  Metropolitan  P.  R.  Co.  in,  through,  or 
over  allstreets,  avenues,  alleys  lanes,  lands,  squares,  and  other  public  and  private  places;  also  the  property 

and  franchises  of  the  Columbia  Ry.  Co.,  subject  to  its  funded  debt  of  $1,030,030,  including  all  the  lands, 
franchises,  street  railway  lines  and  routes,  and  other  property,  real,  personal,  and  mixed,  of  the  Columbia 
Ry.  Co.,  together  with  all  and  singular  its  tracks,  buildings,  structures,  engines,  boilers,  generators,  ma- 
chinery, tools,  belts,  furniture,  fixtures,  appliances,  rights,  privileges,  contracts,  grants,  licenses,  easements 
franchises,  consents,  poles,  wires,  feed  wires,  return  wires,  overhead  construction,  motors,  underground 
pipes,  conduits,  subways,  substructures,  superstructures,  ways  and  rights  of  way,  stations,  offices,  and 
shops,  and  also  all  rights  of  way  of  the  Columbia  Ry.  Co.  in,  through,  or  over  all  streets,  avenues,  alleys, 
lanes,  lands,  squares,  and  other  public  and  private  places;  also  the  following  stocks,  bonds,  and  promissory 
notes: 

$19,865  shares  of  the  entire  40,033  shares',  of  the  par  value  of  $50  each,  of  the  capital  stock  of  the  Anacostia 

& Potomac  River  R.  R.  Co. 

3,123  shares  of  the  entire  4,030  shares,  of  the  par  value  of  $50  each,  of  the  capital  stock  of  the  Georgetown 
& Tennallytown  Ry.  Co. 

The  entire  issue  of  first-mortgage  6 per  cent  bonds  of  the  Georgetown  & Tennallytown  Ry.  Co.,  amounting 
to  $70,000. 

The  entire  issue  of  second-mortgage  6 percent  bonds  of  the  Georgetown  & Tennallytown  Ry.  Co.,  amount- 
ing to  $30,000. 

Promissory  notes  of  the  Georgetown  & Tennallytown  Ry.  Co.,  aggregating  $102,000. 

2,164  shares  of  the  entire  2,170  shares  of  the  par  value  of  $30  each,  of  the  Brightwood  Ry.  Co. 

$100,000  of  the  outstanding  $350,030  of  the  6 per  cent  mortgage  bonds  of  the  Brightwood  Ry.  Co. 

Promissory  notes  of  the  Brightwood  Ry.  Co.,  aggregating  $220,500. 

The  entire  capital  stock,  consisting  of  1,000  shares,  of  the  par  value  of  $25  each,  of  the  Washington,  Wood- 
side  & Forest  Glen  Ry.  & Power  Co. 

$32,000  of  the  outstanding  $40,030  of  the  first-mortgage  6 per  cent  bonds  of  the  Washington,  Woodside  & 
Forest  Glen  Ry.  & Power  Co. 

Promissory  notes  of  the  Washington,  Woodside  & Forest  Glen  Ry.  & Power  Co._ aggregating  $6,003. 

The  entire  capital  stock,  consisting  of  1,000  shares,  of  the  par  value  of  $.50  each,  of  the  Washington  & Rock- 
ville Ry.  Co. 

The  entire  issue  outstanding,  amounting  to  $45,000,  of  the  first-mortgage  bonds  of  the  Washington  & 
Rockville  Ry.  Co. 

Promissory  notes  of  the  Washington  & Rockville  Ry.  Co.  aggregating  $92,700. 

3,943  shares  of  the  entire  4,000  shares,  of  the  par  value  of  $50  each,  of  the  capital  stock  of  the  Washington 
& Glen  Echo  R.  R.  Co. 

The  entire  issue  outstanding,  amounting  to  $200,000,  of  the  first-mortgage  bonds  of  the  Washington  & 
Glen  Echo  R.  R.  Co. 

The  entire  issue  outstanding,  amounting  to  $50,000,  of  the  second-mortgage  bonds  of  the  Washington  & 
Glen  Echo  R.  R.  Co. 

Promissory  notes  of  the  Washington  & Glen  Echo  R.  R.  Co.  aggregating  $16,000. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  169 


Receipts  outstanding  at  the  close  of  the  year  for  installments  received  on  subscrip- 
tions for  stocks:  None. 

Purposes  of  open  authorizations  and  particulars  of  authorizations  closed  during  the 
year:  None. 

Stock  liability  for  conversion  of  securities  of  other  companies:  None. 


Summary  statement  of  unmatured  funded  debt. 

Mortgage  bonds: 

Amount  actually  outstanding  at  close  of  year $16,  471,  350.  00 

Interest  liability  at  close  of  year  on  actually  outstanding  debt — 

Interest  matured  and  unpaid 31,  764.  00 

Interest  accrued  not  due 114,  482.  83 

Interest  during  year  on  actually  outstanding  debt — 

Interest  accrued ' 706,  894.  00 

Interest  paid 703,  265.  00* 


Security  for  unmatured  funded  debt. 


Designation  of  mortgage, 
pledge,  or  other  lien. 

Road  mortgaged. 

Miles 

of 

road. 

Miles 

of 

track. 

Equipment,  securities,  in- 
come, etc.,  mortgaged  or 
pledged. 

Metropolitan  R.  R.  Co.  first 
mortgage. 

Metropolitan  R.  R.  Co 

12.  92 

24. 40 

All  its  property  and  fran- 
chises. 

Anacostia  & Potomac  River 
R.  R.  Co.  first  mortgage. 

Anacostia  & Potomac  River 
R.  R.  Co. 

10. 35 

25. 21 

Do. 

Washington  Ry.  & Electric 
Co.  consolidated  mortgage. 

Washington  Ry.  & Electric 
Co. 

51. 73 

101.60 

Do.1 

1 Including  also: 


Par  value. 

Railway  stock  owned $2, 163, 000. 00 

Railway  fund  debt  owed 4S3, 000. 00 

Other  than  railway  stock  owned 6, 000, 000. 00 

Promissory  notes  aggregating 220, 970. 27 


Total 8, 866, 970. 27 


See  mortgages  of  Metropolitan  R.  R.  Co.  and  Anacostia  and  Potomac  River  R.  R. 
No  limitation  per  mile  of  road  stated  in  mortgage. 


30,602  shares  of  the  entire  35,000  shares,  of  the  par  value  of  $50  each,  of  the  capital  stock  of  the  City  & 
Suburban  Ry.  of  Washington. 

Promissory  notes  of  the  City  & Suburban  Ry.  of  Washington  aggregating  $129,250. 

The  entire  capital  stock,  consisting  of  2,500  shares  of  preferred  stock  and  7,500  shares  of  common  stock, 
of  the  par  value  of  $100  each,  of  the  Potomac  Electric  Power  Co. 

The  entire  issue  outstanding,  amounting  to  $650,000,  of  the  first  mortgage  bonds  of  the  Potomac  Elec- 
tric Power  Co. 

10,678  shares  of  the  entire  outstanding  10,976  shares,  of  the  par  value  of  $100  each,  of  the  capital  stfrck  of 
the  U.  S.  Electric  Lighting  Co. 

Promissory  note  of  the  U.  S.  Electric  Lighting  Co.  for  $25,000. 

Coupons  of  the  first-mortgage  bonds  of  the  Washington  & Great  Falls  Electric  Ry.  Co.,  dated  July  1, 
1895,  to  the  amount  of  $72,030  face  value. 

Promissory  notes  of  the  Washington  & Great  Falls  Electric  Ry.  Co.  aggregating  $137,800. 

Promissory  notes  of  the  Columbia  Ry.  Co.  aggregating  $110,000. 

One  street  railway  car  named  “Columbia. ” 

Of  the  $14,913,200  stock  issued  Feb.  4,  1902,  as  above  stated,  $23,800  common  stock  and  $65,450  preferred 
stock  were  subsequently  returned  to  the  company.  Of  this  stock  $400  common  stock  and  $1,100  preferred 
stock  were  delivered  as  part  payment  for  $2,000  bonds  of  the  Washington  Traction  & Electric  Co*.;  $23,400' 
common  stock  and  $64,350  preferred  stock  was  sold  on  May  21,  1912,  for  $82,192.50. 


170  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 
Equipment  obligations:  None. 


Unmatured  funded  debt  other  than  equipment  obligations. 


Name  and  character  of  obligation. 

Nominal 
date  of 
issue. 

Date  of 
maturity. 

Interest  provisions. 

Par  value 
of  extent 
of  indebt- 
edness au- 
thorized. 

Par  value  of  evi- 
dences of  debt. 

Rate 
per  cent 
per  an- 
num. 

Dates  due. 

Actually 
issued  to 
close  of 
year. 

Reac- 

quired 

after 

actual 

issue 

andcan- 

celed. 

MORTGAGE  BONDS. 

Metropolitan  R.R.  Co. first  mort- 
gage bonds 

Washington  Ry.  & Electric  Co. 

consolidated  mortgage  bonds 

Anacostia  & Potomac  River  R.R. 
Co.  first  mortgage  bonds 

Total 

1895. 
Feb.  1 
1902. 
[Mar.  1] 
1899. 
Apr.  1 

1925. 
Feb.  1 
1951. 
Dec.  1 
1949. 
Apr.  1 

P.  ct. 

5 

4 

5 

Feb.-Aug. 

June-Dee. 

Apr.-Oct. 

$1,850,000 

17,500,000 

3,000,000 

$1,850,000 

11,642,350 

3,000,000 

$21,000 

22,350,000 

16,492,350 

21,000 

Name  and  character  of 
obligation. 


Evidences  of  debt  actually  issued 
prior  to  present  year. 


Par  value 
of  evi- 
dence of 
debt 
actually 
outstand- 
ing at 
close  of 
year. 


Par  value 
of  total 
amount. 


Cash  re- 
ceived as 
considera- 
tion for 
issue. 


Cash  value 
of  other 
property 
acquired 
as  consid- 
eration 
for  issue. 


Total  dis- 
count on  ac- 
tual issues 
of  prior 
years. 


Discount 
on  actual 
issues  of 
present 
year. 


Discounts 
written 
off  to  in- 
come or 
profit  and 
loss  dur- 
ing year. 


MORTGAGE  BONDS. 


Metropolitan  R.R.  Co. 

first  mortgage  bonds.. 
Washington  Ry.  & 
Electric  Co.  consoli- 
dated mortgage  bonds 
Anacostia  & Potomac 
River  R.  R.  Co.  first 
mortgage  bonds 

Total 


$1, 850, 000 

11,642,350 

12,979,000 


$1,850,000 

11,642,350 

3,000,000 


16,471,35016,492,350 


$1,850,000.00 

2,928,567. 46 
699, 787. 50 


5,478,354. 96 


$8,096,450 
2, 250, 000  { 


$617,455, 72 

50, 212. 50) 
2 500. 811 


10,346,450  668,169.03 


$878. 94 


878. 94 


$8, 353. 08 
949. 44 


9, 302. 52 


1 Expense  incurred  during  year  1916  in  connection  with  this  mortgage.  (No  bonds  issued  during  this 
year.) 

3 This  amount  represents  cost  of  engraving  and  printing  Washington  Ry.  & Electric  Co.  general  im- 
provement 6 per  cent  debenture  bonds  that  have  not  as  yet  been  issued. 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  171 


Unmatured  funded  debt  other  than  equipment  obligations — Continued. 


Total  discounts  ex- 
tinguished to  close 
of  year. 

Interest  liability 
at  close  of  year. 

Analyses 
of  evi- 
dences of 
funded 

Name  and  character 
of  obligation. 

Charged 
to  operat- 
ing ex- 
pense, in- 
come, or 
profit  and 
loss. 

Charged 
to  con- 
struction 
or  other 
invest- 
ment ac- 
count. 

Total 
commis- 
sions to 
close  of 
year 
charged 
to  operat- 
ing ex- 
pense, in- 
come, or 
profit  and 
less. 

Amount 
of  interest 
accrued 
during 
year 
charged 
to  in- 
come. 

Amount 
of  interest 
paid  dur- 
ing year. 

Ma- 
tured 
and  un- 
paid. 

Accrued 
not  yet 
due. 

debt  re- 
acquired 
after 
actual 
issue  and 
held 
alive— 
Par  value 
of 

amount 
pledged 
or  other- 
wise sub- 
ject to 
lien  or  re- 
striction. 

MORTGAGE  BON  PS. 

Metropolitan  R.R.Co. 
first  mortgage 
bonds 

$92, 500 

$92, 250 

465, 694 

$92, 750 

460, 740 

$775 

$38,437. 50 

38, 807. 83 

37,237. 50 

$5,000 

Washington  Ry.  & 
Electric  Co.  con- 
solidated mortgage 
bonds 

$111,079. 84 

8, 070. 24 

$214, 114. 38 

29, 189 

Anacostia  & Potomac 
River  R.R.Co.  first 
mortgage  bonds 

11,520. 00 

148, 950 

149, 775 

1,800 

Total 

119,750.08 

225,634. 38 

92,500 

706,894 

703, 265 

31,764 

1 

114,482.83 

5.000 

"Receipts  outstanding  at  the  close  of  the  year  for  installments  received  on  subscrip- 
tions for  bonds  and  other  evidences  of  funded  debt  in  process  of  issuance:  None. 

MEMORANDUM  WITH  REGARD  TO  CONSOLIDATED  MORTGAGE  4 PER  CENT  BONDS  OF 
THE  WASHINGTON  RAILWAY  & ELECTRIC  CO. 

Issued  to  United  States  Mortgage  & Trust  Co.  upon  order  of  Samuel  B.  Lawrence 
as  part  payment  for  the  property  and  franchises  of  the  Metropolitan  Railroad  Co.., 
subject  to  its  funded  debt,  amounting  to  $2,350,000,  including  all  the  lands,  fran- 
chises, street  railway  lines  and  routes,  and  other  property,  real,  personal,  and  mixed, 
of  the  Metropolitan  Railroad  Co.,  together  with  all  and  singular  its  tracks,  buildings, 
structures,  engines,  boilers,  generators,  machinery,  tools,  belts,  furniture,  fixtures, 
appliances,  rights,  privileges,  contracts,  grants,  licenses,  easements,  franchises,  con- 
sents, poles,  wires,  feed  wires,  return  wires,  overhead  construction,  motors,  under- 
ground pipes,  conduits,  subways,  substructures,  superstructures,  ways  and  rights  of 
way,  stations,  offices  and  shops,  and  also  all  rights  of  way  of  the  Metropolitan  Rail- 
road Co.  in,  through,  and  over  all  streets,  avenues,  alleys,  lanes,  lands,  squares,  and 
other  public  and  private  places;  also,  the  property  and  franchises  of  the  Columbia 
Railway  Co.,  subject  to  its  funded  debt  of  $1,000,000,  including  all  the  lands,  fran- 
chises, street  railway  lines  and  routes,  and  other  property,  real,  personal,  and  mixed, 
of  the  Columbia  Railway  Co.,  together  with  all  and  singular  its  tracks,  buildings, 
structures,  engines,  boilers,  generators,  machinery,  tools,  belts,  furniture,  fixtures, 
appliances,  rights,  privileges,  contracts,  grants,  licenses,  easements,  franchises,  con- 
sents, poles,  wires,  feed  wires,  return  wires,  overhead  construction,  motors,  under- 
ground pipes,  conduits,  subways,  substructures,  superstructures,  ways  and  rights  of 
way,  stations,  offices  and  shops,  and  also  all  rights  of  way  of  the  Columbia  Railway 
Co.  in,  through,  or  over  all  streets,  avenues,  alleys,  lanes,  lands,  squares,  and  other 
public  and  private  places;  also,  the  following  stocks,  bonds,  and  promissory  notes: 

Thirty-nine  thousand  eight  hundred  and  sixty-five  shares  of  the  entire  40,000 
shares,  of  the  par  value  of  $50  each,  of  the  capital  stock  of  the  Anacostia  & Potomac 
River  Railroad  Co. 


172  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Three  thousand  one  hundred  and  twenty-three  shares  of  the  entire  4,000  shares  of 
the  par  value  of  $50  each,  of  the  capital  stock  of  the  Georgetown  & Tennallytown 
Railway  Co. 

The  entire  issue  of  first  mortgage  6 per  cent  bonds  of  the  Georgetown  & Tennally- 
town Railway  Co.,  amounting  to  $70,000. 

The  entire  issue  of  second  mortgage  6 per  cent  bonds  of  the  Georgetown  & Tennally- 
town Railway  Co.,  amounting  to  $30,  000. 

Promissory  notes  of  the  Georgetown  & Tennallytown  Railway  Co.,  aggregating 

$102,  000. 

Two  thousand  one  hundred  and  sixty-four  shares  of  the  entire  2,170  shares,  of  the 
par  value  of  $50  each,  of  the  Brightwood  Railway  Co. 

One  hundred  thousand  dollars  out  of  the  outstanding  $350,000  of  6 per  cent  mort- 
gage bonds  of  the  Brightwood  Railway  Co. 

Promissory  notes  of  the  Brightwood  Railway  Co.,  aggregating  $220,500. 

The  entire  capital  stock,  consisting  of  1,000  shares,  of  the  par  value  of  $25  each,  of 
the  Washington,  Woodside  & Forest  Glen  Railway  & Power  Co. 

Thirty-two  thousand  dollars  of  the  outstanding  $40,000  of  the  first  mortgage  6 per 
cent  bonds  of  the  Washington,  Woodside  & Forest  Glen  Railway  & Power  Co. 

Promissory  notes  of  the  Washington,  Woodside  & Forest  Glen  Railway  & Power  Co.r 
aggregating  $6,000. 

The  entire  capital  stock,  consisting  of  1,000  shares,  of  the  par  value  of  $50  each, 
of  the  Washington  & Rockville  Railway  Co. 

The  entire  issue  outstanding,  amounting  to  $452000,  of  the  first  mortgage  bonds  of 
the  Washington  & Rockville  Railway  Co. 

Promissory  notes 'of  the  Washington  & Rockville  Railway  Co.  , aggregating  $92,700. 

Three  thousand  nine  hundred  and  forty-three  shares  of  the  entire  4,000  shares,  of 
the  par  value  of  $50  each,  of  the  capital  stock  of  the  Washington  & Glen  Echo  Railroad 
Co. 

The  entire  issue  outstanding,  amounting  to  $200,000,  of  the  first  mortgage  bonds 
of  the  Washington  & Glen  Echo  Railroad  Co. 

The  entire  issue  outstanding,  amounting  to  $50,000,  of  the  second  mortgage  bonds 
of  the  Washington  & Glen  Echo  Railroad  Co. 

Promissory  notes  of  the  Washington  & Glen  Echo  Railroad  Co.,  aggregating  $16,000. 

Thirty  thousand  six  hundred  and  two  shares  of  the  entire  35,000  shares,  of  the  par 
value  of  $50  each,  of  the  capital  stock  of  the  City  & Suburban  Railway  of  Washington. 

Promissory  notes  of  the  City  & Suburban  Railway  of  Washington,  aggregating 
$129,250. 

The  entire  capital  stock,  consisting  of  2,500  shares  of  the  preferred  stock  and  7,500 
shares  of  common  stock,  of  the  par  value  of  $100  feach,  of  the  Potomac  Electric  Power 
Co. 

The  entire  issue  outstanding,  amounting  to  $650,000,  of  the  first  mortgage  bonds  of 
the  Potomac  Electric  Power  Co. 

Ten  thousand  six  hundred  and  seventy-eight  shares  of  the  entire  outstanding 
10,976  shares,  of  the  par  value  of  $100  each,  of  the  capital  stock  of  the  United  States 
Electric  Lighting  Co. 

Promissory  note  of  the  United  States  Electric  Lighting  Co.  for  $25,000. 

Coupons  of  the  first  mortgage  bonds  of  the  Washington  & Great  Falls  Electric  Rail- 
way Co.,  dated  July  1,  1895,  to  the  amount  of  $72,030  face  value. 

Promissory  notes  of  the  Washington  & Great  Falls  Electric  Railway  Co.,  aggre- 
gating $137,800. 

Promissory  note  of  the  Columbia  Railway  Co.,  aggregating  $110,000. 

One  street  railway  car,  named  “Columbia.” 

Aggregate $7,  992,  350 

Note. — Of  these  bonds,  $392,700  were  subsequently  returned  to  the 

company. 

Issued  to  United  States  Mortgage  & Trust  Co.  in  exchange,  at  par,  for 

first  mortgage  6 per  cent  bonds  of  the  Washington  & Great  Falls  Electric 

Railway  Co 400,  000 

Issued  to  the  treasury  of  the  company 3,  250,  000 


Total  amount  issued 11,  642,  350 

The  bonds  issued  and  delivered  to  the  treasury  of  the  company  are  ac- 
counted for  as  follows : 

Issued  to  treasury $3,  250,  000 

Add  returned  to  company  (see  note  above). 392,  700 


3,  642,  700 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 

Of  these  there  were — 

Issued  as  part  payment  for  $2,000  bonds  of  the  Washington  Traction  & 

Electric  Co : 

Issued  to  United  States  Mortgage  & Trust  Co.  for  final  settlement  of  ex- 
penses of  reorganization  committee 

Issued  as  payment  for  800  shares  of  stock  of  the  City  & Suburban  Railway 

of  Washington 

Issued  in  exchange  for  first  mortgage  6 per  cent  bonds  of  the  Brightwood 

Railway  Co.  (at  a discount  of  15  per  cent) 

Sales  for  cash: 

Proceeds $2,928,567.46 

Discount 611,  032.  54 

2,539,600 


Total 3,  642,  700 

Anacostia  & Potomac  River  Railroad  Co.  first  mortgage  5 per  cent  bonds:  $2,250,000 
issued  for  the  acquisition  of  the  property  and  franchises  of  the  Belt  Railway  Co.  and 
for  its  equipment  with  electric  power;  for  the  satisfaction  of  the  outstanding  obliga- 
tions of  the  Anacostia  & Potomac  River  Railroad  Co.  and  for  its  equipment  with 
electric  power;  for  the  acquisition  of  the  property  and  franchises  of  the  Capital  Rail- 
way; and  for  the  sum  of  $117,000  for  the  general  purposes  of  the  company. 

Receiver’s  certificates:  None. 

Nonnegotiable  debt  to  affiliated  companies:  None. 

Sundry  current  liabilities. 


173 

$1, 100 
40,  000 
20,  000 
42,  000 


Name  of  creditor  or  of  obligation. 

Character  of  liability  or  of  transactions 
involved. 

Credit 
balance 
at  close  of 
year. 

MISCELLANEOUS  ACCOUNTS  PAYABLE. 

Washington  & Glen  Echo  R.  R.  Co 

Open  account 

$2, 176. 85 
4, 700. 00 

263. 00 

Distribution  account  Anacostia  & Potomac  River 
R.  R.  Co.  stock. 

Minor  items,  2 in  number 

Total 

7, 139.  85 

MATURED  FUNDED  DEBT  UNPAID. 

Metropolitan  R.  R.  Co.,  certificates  of  indebted- 
ness. 

Outstanding 

118.  49 

Sundry  unadjusted  credits. 


Name  of  subaccount. 

Character  of  subaccount. 

Credit 
balance 
at  close  of 
year. 

OPERATING  RESERVES. 

Damage  reserve 

$71,688.68 

OTHER  UNADJUSTED  CREDITS. 

Suspense 

Note  of  Georgetown  & Tennal- 
lytown  Ry.  Co.  covering 
matured  interest  on  notes 
held  pending  adjustment.. . $63, 266.  48 
Charge  by  the  District  of  Co- 
lumbia for  grading  and  wid- 
ening roadway  on  Massachu- 
setts Avenue  held  in  sus- 
pense pending  determina- 
tion of  legal  responsibility. . 3, 371. 71 

66,638.  19 
46, 608.  47 

Ticket  sales 

Unredeemed  tickets 

Total 

113,  246. 66 

174  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Depreciation — Road,  equipment , and  miscellaneous  physical  property. 

DEBIT  ITEMS. 


Retirement  of  passenger  and  combination  cars $682.  50 

Retirement  of  service  equipment 1,  700. 00 

Retirement  of  electric  equipment  of  cars 2, 100. 00 

Retirement  of  shop  lathe 180. 00 

Retirement  of  3 Prov.  Greene  engines  with  generators  and  accessories 60,  800. 00 

Balances  at  close  of  year,  accrued  depreciations,  road  and  equipment 793,  404. 43 


Total 858,866.93 


CREDIT  ITEMS. 

Balances  at  beginning  of  year,  accrued  depreciation,  road  and  equipment . . 746,  056.  78 

Passenger  and  combination  cars,  depreciation 43,  977.  50 

Freight,  express,  and  mail  cars,  depreciation 120.00 

Service  equipment,  depreciation 1,  796.  25 

Electric  equipment  of  cars,  depreciation 28,  033. 09 

Locomotives,  depreciation 480.00 

Way  and  structures 31,  446. 17 

Power 6,957.14 


Total 


858,  866.  93 


BASES  OF  DEPRECIATION  CHARGES. 

Depreciation  of  cars  and  car  equipment:  Basis,  3 per  cent  per  annum  on  the  basis  of 
the  following  arbitrary  values : 


Passenger  and  combination  cars: 

Double  truck,  suburban. each. . $4,  500 

Double  truck,  city do 3,  000 

Single  truck,  city do 1,  000 

Freight,  express,  and  mail  cars do 4,  000 

Service  equipment do 1,500 

Electric  equipment  of  cars per  motor. . 850 

Locomotives each . . 8,  000 


Depreciation  of  way  and  structures:  Basis,  9 per  cent  of  revenue  from  transportation 
covering  maintenance,  renewals,  and  depreciation.  Balance  above  in  depreciation 
fund  represents  excess  of  amount  charged  expenses  over  actual  disbursements. 

Depreciation  of  power  plant  buildings  and  equipment:  Basis,  one-half  per  cent  of 
revenue  from  transportation,  covering  maintenance,  renewals,  and  depreciation.  Bal- 
ance above  in  depreciation  fund,  represents  excess  of  amount  charged  expenses  over 
actual  disbursements. 


Profit  and  loss  statement. 


Item. 

Debits. 

Credits. 

Credits: 

Credit  balance  at  beginning  of  fiscal  period 

$1,057,712. 83 
905, 159.65 

Credit  balance  transferred  from  income  account 

Debits: 

Appropriations  of  surplus  tosinkingfund  and  other  reserves 

Dividend  appropriations  of  surplus 

$730.33 
880,000.00 
4,374.15  j 
5,  845. 06 
1,071,922.94  1 

1,962,872.48  j 

Miscellaneous  appropriations  of  surplus 

Miscellaneous  debits 

Balance  carried  forward  to  balance  sheet 

Total . . . . , 

1, 962, 872. 48 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  175 


Dividends  declared  during  the  year. 


Par  value 
of  amount 

Amount 
of  divi- 
dend. 

Date. 

Name  of  security  on  which  dividend  was  declared. 

Regular 

rate. 

on  which 
dividend 
was  de- 
clared. 

Declared. 

Payable, 

Preferred  stock 

Per  cent. 
2* 

2i 

If 

$8, 500, 000 

8.500. 000 

6.500.000 
6,500,000 
6,500,000 
6,500,000 

$212, 500 

212,500 

113, 750 
113, 750 
113, 750 
113, 750 

1916. 

Jan.  15 

1916. 
/Mar.  1 
/June  1 
/Sept.  1 
(Dec.  1 
Mar.  1 

Do 

July  20 
Jan.  15 

Common  stock .* 

Do 

If 

Apr.  27 
July  20 
Oct.  19 

June  1 

Do 

If 

If 

Sept.  1 
Dec.  1 

Do 

Total 

880, 000 

1 1 

On  January  15,  1916,  and  July  20,  1916,  the  regular  semiannual  dividend  of  21  per 
cent  on  preferred  stock  was  declared,  payable  June  1,  1916,  and  December  1,  1916, 
respectively;  provided,  however,  that  all  holders  of  certificates  of  said  stock  bearing 
a stamp  changing  the  time  and  manner  of  payment  of  dividends  from  semiannually 
to  quarterly  were  entitled  to  receive  on  March  1,  1916,  and  September  1,  1916,  re- 
spectively, one-half  of  said  semiannual  dividend. 

No  obligation  incurred  for  purpose  of  securing  funds  for  dividends. 

Income  statement  for  the  year. 


Item. 

Amount 
applicable  to 
the  year. 

Comparison 

with 

preceding 

year 

(increase  in 
roman, 
decrease  in 
italic). 

I.  OPERATING  INCOME. 

Railway  operating  revenues 

$2, 485, 874. 27 
1,502, 070.86 

$74,667.85 
67,675. 49 

Railway  operating  expenses 

Net  revenue,  railway  operations 

983, 803. 41 

147, 927. 96 

6,992.36 

15, 831. 73 

Taxes  assignable  to  railway  operations: 

On  real  and  personal  property $13, 574. 55 

O n earnings 88, 658. 32 

Miscellaneous 45, 695. 09 

Operating  income 

835, 875. 45 

8,839.37 

II.  NONOPERATING  INCOME. 

Net  income  from  miscellaneous  physical  property 

1,594. 98 
727, 246.  00 
19,  211.60 
42,  821.  26 
190. 68 
1,711.19 

64.41 

3,700.00 
7, 061. 60 
10,836.54 
98.97 
1,509.18 

Dividend  income 

Income  from  funded  securities 

Income  from  unfunded  securities  and  accounts 

Income  from  sinking  fund  and  other  reserves 

Miscellaneous  income 

Total  nonoperating  income 

792,  775.  71 

15,672.76 

Gross  income 

1,628, 651.16 

6, 833. 39 

HI.  DEDUCTIONS  FROM  GROSS  INCOME. 

Miscellaneous  rents 

1.312.63 

.50 

706, 894. 00 
17. 09 
9,302.52 
5,964.77 

698.63 

99.02 

.02 

17.09 

Miscellaneous  taxes 

Interest  on  funded  debt 

Interest  on  unfunded  debt 

Amortization  of  discount  on  funded  debt. . . 

Miscellaneous  debits 

701.07 

Total  deductions  from  gross  income 

723,491.51 

1,317. 75 

Income  balance  transferred  to  profit  and  loss 

905, 159. 65 

5,515.64 

176  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Railway  operating  revenues. 


Class  of  railway  operating  revenues. 

Amount 
of  revenue 
for  the  year. 

Comparison 

with 

revenue  of 
preceding 
year 

(increases  in 
roman, 
decreases  in 
italic). 

I.  REVENUE  FROM  TRANSPORTATION. 

Passenger  revenue 

$2, 157,638.61 
1,305.98 
667. 80 
459. 60 
3, 094.  78 
13,507. 67 

$64, 255. 81 
94.07 
5.47 
8.92 
415. 36 
2, 189. 71 

Parlor,  sleeping,  dining,  and  special  car  revenue 

Mail  revenue 

Express  revenue 

Freight  revenue 

Switching  revenue 

Total  revenue  from  transportation 

2, 176, 674. 44 

66, 770. 26 

II.  REVENUE  FROM  OTHER  RAILWAY  OPERATIONS. 

Station  and  car  privileges 

9,619.92 
5, 038. 23 
36,536.  88 
8,543. 03 
249. 461.  77 

832.35 
765. 55 
755. 42 
760.20 
7, 835. 57 

Rent  of  tracks  and  facilities 

Rent  of  equipment 

Rent  of  buildings  and  other  property 

Power 

Total  revenue  from  other  railway  operations 

309, 199.  83 

7, 897. 59 

Total  operating  revenues 

2, 485,  874.  27 

74,667.85 

Auxiliary  operations:  None. 


Miscellaneous  operations. 


Net  rent  from  miscellaneous  physical  property,  the  cost  of  which  is  included 
in  road. and  equipment  prior  to  July  1,  1914: 

Net  revenue  for  the  year 

Comparative  increase  with  net  revenue  of  preceding  year 


$1,  594.  98 
64.  41 


Railway  operating  expenses. 


Name  of  railway  operating  expense  account. 

Amount  of 
operating  • 
expenses  for 
the  year. 

Comparison 

with 

expenses  of 
preceding 
year 

(increase  in 
roman, 
decrease  in 
italic). 

WAY  AND  STRUCTURES. 

Superintendence  of  way  and  structures  

$14,698.35 

6.96 

$6,172.67 

70.4S 

3,844-80 

3,301.64 

74.48 

Ballast 

Ties 

2,988.46 
205. 17 

Rails 

Rail  fastenings  and  joints 

3,461.80 

Special  work 

6,334.50 

1,721.40 

1,419.05 

Underground  construction 

5,305.58 

Track  and  roadway  labor 

48, 806. 22 
2,953.60 
27, 842. 89 
10,692. 49 
2,939.85 
2,468.92 
226. 05 

11,401.13 

Miscellaneous  track  and  roadway  expenses 

2,750. 84 

Paving  

12,621.69 

Cleaning  and  sanding  track 

1,483.80 
1,689.19 
792. 89 

Removal  of  snow  and  ice 

Bridges,  trestles,  and  culverts 

Crossings, fences,  and  signs 

143.01 

•Signal  and  interlocking  apparatus 

339.92 

667.34 

1.07 

Telephone  and  telegraph  lines  . 

6.11 

Miscellaneous  way  expenses 

1,296.64 

829.73 

Poles  and  fixtures 

2,  738.57 
55.51 

Underground  conduits 

142.4S 

4,356.37 

21.62 

Distribution  system 

21,539.01 

195.63 

Miscellaneous  electric  line  expenses 

Buildings,  fixtures,  and  grounds 

11,059.28 

31,446.17 

358. 58 

Depreciation  of  way  and  structures 

15,827.89 

Total  way  and  structures 

195,900. 70 

14,212.66 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  177 


Railway  operating  expenses — Continued. 


Name  of  railway  operating  expense  account. 

Amount  of 
operating 
expenses  for 
the  year. 

Comparison 

with 

expenses  of 
preceding 
year 

(increase  in 
roman, 
decrease  in 
italic). 

EQUIPMENT. 

$5,314.40 
89,437.20 
1,315.53 
37,237.76 
517.54 
371.96 
10,027.34 
2, 482. 99 
74,406.84 

9 530.58 
9,867.00 
226. 50 
2,801.83 
198. 15 
120.74 
8.52 
1,284.31 
405. 35 

221,111.56 

12,404-32 

POWER. 

1,993.38 
670.76 
3,159.20 
96.27 
6,957.14 
15, 770.  85 
185,737. 56 

2. 232. 09 
1,715.04 

11,406. 44 

1.846.09 

425. 88 
67.14 
208.51 
32.50 
159.99 
276. 71 
12,115.40 
914.07 
44.0  0 
2, 183.08 
126. 91 

Fuel  for  power,  t 

Lubricants  for  power 

Substation  employees T.* 7. 

Substation  supplies  and  expensed 

Total  power 

231,584. 82 

16, 166. 09 

CONDUCTING  TRANSPORTATION. 

Superintendence  of  transportation 

53,553.85 
452,622. 80 
781.56 
15,856.61 
16, 422. 29 
42.00 
46,630.10 
3,976.05 
1,798.01 
.77 
5,271.17 

4, 766. 26 
37,248.01 
66.54 
1,580.48 
6, 325.92 
185.51 
1,806.83 
734.68 
187. 43 
20.56 
693. 82 

Passenger  conductors,  motormen,  and  trainmen 

Freight  and  express  conductors,  motormen,  and  trainmen 

Miscellaneous  car-service  employees 

Miscellaneous  car-service  expenses 

Station  expenses 

Car  house  employees 

Car  house  expenses 

Operation  of  signal  and  interlocking  apparatus 

Operation  of  telephone  and  telegraph  lines 

Other  transportation  expenses 

Total  conducting  transportation 

596,955.21 

49,668.08 

TRAFFIC. 

Superintendence  and  solicitation 

8.69 
484. 60 
882.33 

8.69 

11.93 

85.21 

Advertising 

Parks,  resorts,  and  attractions 

Total  traffic 

1,375.62 

81.97 

GENERAL  AND  MISCELLANEOUS. 

Salaries  and  expenses  of  general  officers 

24,428. 08 
24,025.84 
6,126.44 
4,388.91 
474.37 
4,367.12 
14,681.63 
8,880.00 
135,484.16 
5,357.62 
17,628. 88 
6,351.65 
2,948.25 

3, 701. 80 
2,161.76 

2.054.25 

2.608.25 
494.  39 

1,743.19 

3,271.66 

.51 

19, 439.  43 
47.31 
1,637.93 
1,066. 42 
322. 35 
3,966.62 

Salaries  and  expenses  of  general  office  clerks 

General  office  supplies  and  expenses 

Law  expenses 

Relief  department  expenses 

Pensions  and  gratuities 

Miscellaneous  general  expenses 

Valuation  expenses 

Injuries  and  damages 

Insurance 

Stationery  and  printing 

Store  expenses 

Garage  and  stable  expenses 

Rent  of  tracks  and  facilities 

Total  general  and  miscellaneous 

255,142.95 

28,376.33 

H.  Doc.  2038,  64-2 12 


178  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Railway  operating  expenses — Continued. 


Name  of  railway  operating  expense  account. 

Amount  of 
operating 
expenses  for 
the  year. 

Comparison 

with 

expenses  of 
preceding 
year 

(increase  in 
roman, 
decrease  in 
italic). 

RECAPITULATION  OF  EXPENSES. 

Way  and  structures 

$195,900.70 

221,111.56 

231,584.82 

596,955.21 

1,375.62 

255,142.95 

$14,212.66 

12.404.32 
16,166.09 
49, 668. 08 

81.97 

28.376.33 

Equipment 

Power 

Conducting  transportation 

Traffic 

General  and  miscellaneous 

Grand  total  operating  expenses 

1,502,070. 86 

67,675.49 

Operating  ratio  (ratio  of  operating  expenses  to  operating  revenues),  60.42  per  cent. 
Income  from  lease  of  road:  None. 

Abstract  of  terms  and  conditions  of  leases:  None. 

Miscellaneous  rent  income:  None. 


Dividend  income. 


Description  of  security  on  which  dividend  was  received. 

Amount 
(at  par) 
to  which 
dividend 
relates. 

Dividend 

rates. 

Amount 

credited 

to 

income. 

Potomac  Electric  Power  Co.,  preferred  stock 

Potomac  Electric  Power  Co.,  common  stock 

City  & Suburban  Ry.  of  Washington,  stock 

Total 

$250,000 

5,750,000 

1,681,150 

Per  cent. 
11 
11 

4 

$27,500 
632,500 
67, 246 

7,681,150 

727,246 

Income  from  funded  securities. 


Description  of  funded  security  on  which 
interest  was  received. 

Interest  provisions. 

Date  of  ma- 
turity. 

Amount 
(at  par) 
to  wnich 
interest 
relates. 

Amount 

credited 

to 

income. 

Rate  per 
annum. 

Dates. 

Washington  & Rockville  Ry.  Co.  first 
mortgage  bonds. 1 

Washington,  Woodside  & Forest  Glen  Ry. 

& Power  Co.  first  mortgage  bonds.2 
Washington  & Rockville  Ry.  Co.  first 
mortgage  bonds.3 

Total 

Per  cent. 

5 

6 

5 

May  and  No- 
vember. 

June  and  De- 
cember. 

May  and  No- 
vember. 

Nov.  1,1937 

June  1,1917 

Nov.  1,1965 

$75,000 

40,000 

160,000 

$625.00 

11,920.00 

6,666.60 

19, 211.60 

1 Interest  from  Jan.  1, 1916,  to  Feb.  29, 1916. 

2 Interestfrom  Jan.  1. 1916,  to  Feb.  29, 1916,  $400;  also  interestfrom  Dec.  1,  1906,  to  Dec.  1, 1912,  $11,520. 
a Interestfrom  Mar.  1, 1916,  to  Dec.  31, 1916. 


Income  from  unfunded  securities  and  accounts. 

Give  particulars  of  the  income  accrued  to  the  respondent  during  the  year  from 
interest  on  securities  not  includible  in  any  foregoing  statement,  giving  a description 
of  each  such  security,  showing  the  par  amount  held,  the  period  during  which  held, 
and  the  income  derived  therefrom;  also  similar  information  concerning  advances  to 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  179 


subsidiary  companies  carried  in  open  accounts,  showing  separately  for  each  such 
company;  also  for  the  item  of  bank  balances  as  a whole,  and  for  all  other  loans  and 
accounts  wherefrom  any  interst  was  derived  during  the  year. 

If  the  interest  income  from  any  unfunded  security,  advance,  loan,  or  account 
amounted  to  less  than  $1,000,  the  respondent  may,  if  it  so  desires,  combine  all  such 

small  items  into  a single  entry,  “Minoritems,  innumber,  each  less  than  $1,000,” 

stating  the  number  of  such  items  there  combined. 


Description  of  unfunded  security,  advance,  loan, 
or  account  showing  characteristics  of  such 
security,  etc.,  and  name  of  the  debtor. 

Period  covered  by  interest. 

Amount 
to  which 
interest 
relates. 

Income 
derived  as 
interest. 

From— 

To— 

Interest  on  bank  deposits 

Notes  of— 

City  & Suburban  Ry.  of  Washington 

Georgetown  & Tennallytown  Ry.  Co 

Washington  & Glen  Echo  R.  R.  Co 

Pntnmafi  Elfifitrir.  Pnwftr  Co 

Jan.  1,1916 

do 

do 

do 

do 

Dec.  31,1916 

do 

do 

do 

do 

$89,909.02 
109,000.00 
22,061.25 
37, 866.65 
22,918.38 
13,496.75 
14,830.82 

20.657.58 
26,579.51 

27. 413.59 

42,766.62 

Various. 

75.000. 00 
412.10 

8,500.00 

70.000. 00 

30.000. 00 

4,067.17 

$4,974.82 

5,394.54 

6.540.00 
1,323.72 
2,271.96 
1,375.08 

809.76 

889.80 

1,239.48 

1,594.80 

1,644.84 

427.66 
3,080.68 

208.33 
43.96 
4, 094. 17 

4.200.00 

1.800.00 

907.66 

42,821.26 

Do 

do 

do 

Do 

do 

Do 

do 

do 

Do 

do 

do 

Do 

do 

do 

Do 

do 

do 

Washington,  Woodside  & Forest  Glen  Ry. 
& Power  CO.  (2) 

..  ..do 

Feb.  29,1916 
Nov.  30,1916 
Apr.  10,1916 
Mar.  20,1916 
Apr.  30,1916 

Dec.  31,1916 

do 

Overdue  account  Washington-Virginia  Ry.  Co. . . 

Loan  of  Washington  & Rockville  Ry.  Co 

Note  of  Washington  Interurban  Ry.  Co 

Note  of  Great  Falls  Power  Co 

First  mortgage  bonds  of  Georgetown  & Tennally- 
town Ry.  Co.  (matured  Feb.  1,  1904) 

Second  mortgage  bonds  of  Georgetown  & Ten- 
nallytown Ry.  Co.  (matured  Feb.  1, 1904) 

Jan.  26,1915 
Jan.  1,1916 
June  10,1914 
Apr.  20,1908 

Jan.  1, 1916 

do 

Overdue  account  of  Philadelphia,  Baltimore  & 
Washington  R.  R.  Co 

Total 

Nov.  8,1912 

July  27,1916 

Contributions  from  others:  None. 

Net  miscellaneous  income. 


Dumping  privileges $1,  706.  20 

Profit  from  sale  of  material 4.99 

Total 1,  711. 19 


Rent  for  leased  roads:  None. 

Abstracts  of  leasehold  contracts:  None. 


Miscellaneous  rents. 


Purpose. 

Name  of  lessor. 

Amount 
charged 
to  income. 

Operate  and  construct  tracks,  Union  Station  Plaza 

Minor  items  (3) 

Washington  Terminal  Co 

$1, 285. 63 
27.00 

1,312. 63 

Total 

Interest  on  unfunded  debt — amount  charged  to  income. 


Minor  items  (2) $17. 09 

Income  transferred  to  other  companies:  None. 


180  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


Miscellaneous  debits. 


Commissions  and  expenses  for  payment  of  interest  coupons $994. 04 

Income  taxes  levied  on  bondholders  and  assumed  by  the  company 3,  050. 29 

Operating  of  car  service  on  Portland  Street  per  agreement  with  Washing- 
ton Steel  & Ordnance  Co.  (See  memo,  of  contract  under  “Contracts, 
agreements,  etc.”) 1,  920. 44 

Total 5,  964. 77 


Appropriations  of  surplus  to  sinking  fund  and  other  reserves — amount  charged  to  profit 

and  loss. 

Metropolitan  Railroad  Co.  first  mortgage  5 per  cent  bonds  (for  further 
explanation  see  mortgage) $730. 33 

Appropriations  of  surplus  for  investment  in  physical  property:  None. 

Miscellaneous  appropriations  of  surplus — amount  charged  to  profit  and  loss. 

Distribution  to  conductors  and  motormen  under  profit  sharing  plan $4,  374. 15 

Miscellaneous  items  in  profit  and  loss  account  for  the  year. 

DEBITS. 


Loss  resulting  from  depot  robbery  at  Fourteenth  and  East  Capital  Streets 

car  house $1,502.88 

Refund  to  Washington  Steel  & Ordnance  Co.  for  construction  and  operation 
of  Portland ' Street  extension  as  per  provisions  made  per  amendment 

dated  Apr.  28,  1916 3,  500. 00 

Minor  item  (1) 842. 18 


Total 5,845.06 


Road  operated  at  close  of  year. 


Class. 

Name  of  road  or  track. 

1A 

Ninth  Street-Bright- 
wood  line: 

Main  line 

1A 

Do 

1A 

Do 

1A 

Georgetown  - Connect- 
icut Avenue  line: 
Main  line 

IB 

Spur 

1A 

Main  line 

1A 

Do 

1A 

Do 

5A 

Do 

1A 

Columbia  line: 

Main  line 

1A 

Do 

Terminal  between  which  road 
named  extends. 


Water  and  P Streets  to  Georgia 
Avenue  and  District  line. 
Upshur  Street  and  Georgia 
Avenue  to  Soldiers’  Home. 
Butternut  Street  and  Georgia 
Avenue  to  Takoma. 


Fifteenth  and  East  Capitol 
Streets  to  Cabin  John  Bridge. 

Delaware  Avenue  and  B Street 
NE.,  to  Capitol. 

Dupont  Circle  to  Seventeenth 
Street  and  Park  Road. 

Tela  ware  Avenue  and  C Street 
NE.  to  Fifth  and  F Streets 
NW.,  via  C Street,  New  Jer- 
sey Avenue,  and  D Street. 

Fourth  Street  and  Staunton 
Square  to  Union  Station 
Plaza, east. 

First  and  G Streets  NW.  to 
Fifth  and  F Streets  NW. 

Fifteenth  Street  and  New  York 
Avenue  to  Jistrict  line. 

Kenilworth  Junction  to  Kenil-  j 
worth. 


Miles  of 
road. 

Miles  of 
second 
main 
track. 

Mil#  of 
sidings 
and 
turn- 
outs. 

Miles  of 
track 
in  car 
houses, 
shops, 
etc. 

Total. 

9. 088 

7. 795 

0.203 

1.710 

18. 796 

.645 

.628 

.014 

1. 287 

.538 

.519 

1. 057 

14. 505 

11. 609 

1.057 

1.650 

28. 821 

.080 

.080 

.012 

.172 

1.834 

1.814 

.009 

3. 657 

1. 191 

.443 

1 1. 634 

.327 

.212 

.013  ! 



.552 

.400 

.400 

.012  1 

.812 

7. 167 

7. 048 

1.331 

.401 

15. 947 

.946 

.049 



1 

.995 

BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OE  COLUMBIA.  181 


Road  operated  at  close  of  year — Continued. 


Class. 

Name  of  road  or  track. 

Terminal  between  which  road  ; 
named  extends. 

Miles  of 
road. 

Miles  of 
second 
main 

Miles  of 
sidings 
and 
turn- 
outs. 

Miles  of 
track 
in  car 
houses, 

Total. 

track. 

shops, 

etc. 

Eleventh  Street  line: 



1A 

Congress  Heights  to  Eleventh 
and  Monroe  Streets. 

7. 566 

6. 913 

0. 121 

1.083 

15. 683 

IB 

.358 

.347 

.045 

.750 

nue  to  Eleventh  Street  and 
Florida  Avenue. 

1A 

Main  line 

First  and  B Streets  SE.  to 

.321 

.321 

.012 

.654 

First  and  E Streets  SE. 

1A 

To 

Nichols  Avenue  and  Portland 

1.171 

.030 

.130 

1.331 

Fourth  Street  line: 

Street  to  Giesboro  Point. 

1A 

Main  line 

Water  and  L Streets  SW.  to 

3. 821 

3.231 

.047 

7.099 

Georgia  Avenue  and  W 
Streets  NW. 

5A 

To 

Ninth  and  G Streets  to  Fourth 

.958 

1 

.797 

.012 

1.767 

Street  and  Ne  w Y ork  Avenue, 
return  Fourth  Street  and 
New  York  Avenue  to  Elev- 
enth and  G Streets.1 

1A 

To 

Georgia  Avenue  and  W Street 
to  Fourteenth  and  Water 

.215 

.196 

.411 

' 

Streets  via  Fourteenth  and 
F Streets. 

1A 

Massachusetts  Avenue 

Wisconsin  Avenue  and  Ma- 

1.977 

.034 

.570 

.171 

2. 752 

line,  main  line. 

comb  Street  to  I istrict  line. 

Total 

53.108 

42.466 

3. 588 

5. 015 

104. 177 

1 Eleventh  Street  line  uses  these  tracks  from  Fifth  and  G Streets  to  Eleventh  and  G Streets;  returning 
Fifth  and  F Streets  to  First  and  G Streets. 


Miles  of  road  operated  at  close  of  year,  by  States  and  Territories  (, single  track). 


State  or  Territory. 

Line  owned. 

Line  ope- 
rated 
under 
trackage 
rights. 

Total 

mileage 

operated. 

New  line 
construct- 
ed during 
year. 

Main 

line. 

Branches 
and  spurs. 

District  of  Columbia 

94.23 

6.45 

0.91 

2.58 

97. 72 
6. 45 

0. 28 

Maryland  

Total  mileage  (single  track) 

100. 68 

.91 

2.58 

104.17 

.28 

Road  owned  at  close  of  year,  by  States  and  Territories;  None. 

Auxiliary  operations  carried  on  at  the  close  of  the  year:  None. 

MISCELLANEOUS  PHYSICAL  PROPERTIES  OPERATED  AT  THE  CLOSE  OF  THE  YEAR. 

Designation  of  property  or  plant:  Houses  cost  of  which  is  included  in  road  and 
equipment,  same  having  been  purchased  prior  to  June  30,  1914. 

Character  of  business:  Residential. 

Character  of  title  under  which  property  is  held:  Ownership. 

Location  of  property:  Washington,  D.  C. 


182  balance  sheets  public  UTILITIES  DISTRICT  OF  COLUMBIA, 


Mileage , traffic,  and  miscellaneous  statistics. 


Item. 

Number 
or  amount. 

Passenger  car  mileage 

7,881,581 

23,297 

Freight,  mail,  and  express  car  mileage 

Total  car  mileage 

7,904,879 

Passenger-car  hours 

943, 135 
1,770 

Freight,  mail,  and  express  car  hours ! 

Total  car  hours 

944,905 

Regular  fare  passengers  carried 

49,916,885 
178, 346 

Revenue  transfer  passengers  carried 

Total  revenue  passengers  carried 1 

50,095,231 

17,003,662 

Free  transfer  passengers  carried 

Total  passengers  carried 

67,098,893 
416, 871 

Employees  and  others  carried  free 

Pfl;s<wYnger  revenue _ 

$2,157,638. 61 

.04307 

.03216 

2, 176, 674.44 

.27536 
2.30359 
309, 199.83 

. 03911 
. 32723 

2,485, 874.27 

.31447 
2.  63082 

1,502,070.86 

.19002 

1.58965 

Average  fare,  revenue  passengers 

Average  fare,  all  passengers  (including  transfer  passengers) 

Total  revenue  from  transportation 

Revenue  from  transportation  per  car-mile 

Revenue  from  transportation  per  car-hour 

Total  revenue  from  other  railway  operations •. 

Revenue  from  other  railway  operations  per  car-mile 

Revenue  from  other  railway  operations  per  car-hour 

Total  operating  revenues 

Operating  revenues  per  car-mile 

Operating  revenues  per  car-hour 

Total  operating  expenses 

Operating  expenses  per  car-mile 

Operating  expenses  per  car-hour 

Accidents  to  persons. 


Item. 

Killed. 

Injured. 

Total. 

Passengers 

444 

444 

Employees 

248 

248 

Other  persons 

3 

157 

160 

Total 

3 

849 

852 

This  report  of  accidents  to  persons  covers  only  accidents  occurring  within  the 
District  of  Columbia. 


Employees. 


General  administration: 

General  officers T 15 

General  office  clerks 61 

Maintenance  of  way  and  structures : 

Superintendents , 16 

Other  employees 185 

Maintenance  of  equipment: 

Superintendents 3 

Other  employees 105 

Power : 

Superintendents 2 

Other  employees 50 

Transportation : 

Superintendents 5 

Other  employees 785 


Total 1,227 


Aggregate  salaries  and  wages  paid  for  the  year,  $932,024.85  • 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  183 


Description  of  equipment. 


Class. 

With 

electric 

equip- 

ment. 

Without 

electric 

equip- 

ment. 

Total 

number. 

Closed  passenger  cars 

365 

30 

395 

Open  passenger  cars 

52 

144 

196 

Total  passenger  cars 

417 

174 

591 

Express  cars 

1 

Worlc  cars  

5 

1 

G 

Snowplows  

2 

2 

Sweepers  

18 

18 

Miscellaneous 

4 

9 

13 

Locomotives  

2 

2 

Total  equipment  of  all  classes 

449 

184 

633 

Statement  of  equipment  covers  cars  owned. 

The  following  trailers  are  included  in  passenger  cars  without  electric  equipment: 


Closed 29 

Open 46 

Total 75 


CONTRACTS,  AGREEMENTS,  ETC. 

Contract  dated  January  1,  1914,  with  the  Washington  Steel  & Ordnance  Co.,  cover- 
ing transportation  of  passengers,  etc.,  on  Portland  Street  extension,  from  Nichols 
Avenue  to  Giesboro  Point,  was  modified  on  April  28,  1916,  so  as  to  provide  that  the 
entire  receipts  from  operation  of  line  became  the  property  of  the  railway  company 
and  the  steel  company  was  relieved  from  any  obligation  to  make  up  difference  between 
the  receipts  and  operating  expenses,  said  amendment  being  effective  on  April  1,  1916. 

IMPORTANT  CHANGES  DURING  THE  YEAR. 

Change  of  tracks  at  Bennings  power  plant,  0.194  mile;  loop  at  Giesboro  Point  plant, 
District  of  Columbia,  0.085  mile. 

Additional  holdings  of  stock  as  follows:  15  shares  City  & Suburban  Railway  of 
Washington,  $480:  2 shares  Georgetown  & Tennallytown  Railway  Co.,  cost  $10;  500 
shares  capital  stock  of  the  Washington  & Rockville  Railway  Co.,  par  value  $25,000, 
received  in  lieu  of  $25,000  capital  stock  of  the  Washington,  Woodside  & Forest  Glen 
Railway  & Power  Co. 

One  hundred  and  sixty  thousand  dollars  first  mortgage  5 per  cent  bonds  of  the  Wash- 
ington & Rockville  Railway  Co.,  dated  November  1,  1915,  received  in  lieu  of  $75,000 
first  mortgage  5 per  cent  bonds  of  said  company,  dated  November  1,  1912;  $40,000  first 
mortgage  6 per  cent  bonds  of  the  Washington,  Woodside  & Forest  Glen  Railway  & 
Power  Co.,  and  $45,842.18  floating  indebtedness  of  the  Washington,  Woodside  & Forest 
Glen  Railway  & Power  Co.  (Difference  of  $842.18  closed  into  profit  and  loss  account.) 

The  above  securities  of  the  Washington  & Rockville  Railway  Co.  were  issued  by 
said  company  in  accordance  with  authorization  of  the  Public  Service  Commission  of 
Maryland  in  its  order  No.  7328,  dated  June  25,  1916. 

VERIFICATION. 

City  of  Washington, 

District  of  Columbia , ss: 

W.  F.  Ham  makes  oath  and  says  that  he  is  comptroller  of  Washington  Railway  & 
Electric  Co;  that  it  is  his  duty  to  have  supervision  over  the  books  of  account  of  the 
respondent  and  to  control  the  manner  in  which  such  books  are  kept;  that  he  knows 
that  such  books  have,  during  the  period  covered  by  the  foregoing  report,  been  kept  in 
good  faith  in-  accordance  with  the  accounting  and  other  orders  of  the  Public  Utilities 
Commission,  effective  during  the  said  period;  that  he  has  carefully  examined  the  said 
report,  and  to  the  best  of  his  knowledge  and  belief  the  entries  contained  in  the  said 
report  have,  so  far  as  they  relate  to  matters  of  account,  been  accurately  taken  from  the 
said  books  of  account  and  are  in  exact  accordance  therewith;  that  he  believes  that  all 


184  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


other  statements  of  fact  contained  in  the  said  report  are  true,  and  that  the  said  report 
is  a correct  and  complete  statement  of  the  business  and  affairs  of  the  above-named 
respondent  during  the  period  of  time  from  and  including  January  1,  1916,  to  and  in- 
cluding December  31,  1916. 

W.  F.  Ham. 

Subscribed  and  sworn  to  before  me,  a notary  public,  in  and  for  the  District  above 
named,  this  28th  day  of  February,  1917. 

[seal.]  J.  E.  Tenly. 

My  commission  expires  March  3,  1921. 

SUPPLEMENTAL  OATH. 

City  of  Washington, 

District  of  Columbia , ss: 

Clarence  P.  King  makes  oath  and  says  that  he  is  president  of  the  Washington  Rail- 
way & Electric  Co.;  that  he  has  carefully  examined  the  foregoing  report;  that  he 
believes  that  all  statements  of  fact  contained  in  the  said  report  are  true,  and  that  the 
said  report  is  a correct  and  complete  statement  of  the  business  and  affairs  of  the  above- 
named  respondent  during  the  period  of  time  from  and  including  January  1,  1916,  to 
and  including  December  31,  1916. 

Clarence  P.  King. 

Subscribed  and  sworn  to  before  me,  a notary  public,  in  and  for  the  District  above 
named,  this  28th  day  of  February,  1917. 

[seal.]  J.  E.  Tenly. 

My  commission  expires  March  3,  1921. 


WASHINGTON  MISSIONARY  COLLEGE,  TAKOMA  PARK,  D.  C. 


Earnings  and  expenses. 


Total  earnings $358.  891 

Total  expenses 394.  89 

Expenses  less  earnings 36.  00 


Cabs  used:  Ford;  capacity,  7 passengers. 

Total  mileage  (estimate),  6,500. 

Rate  charged  per  person,  5 cents. 

Date  of  first  operation,  November  1,  1915. 

Route  and  schedule,  west  on  Carroll  Avenue  from  District  line  to  Cedar  Street, 
thence  west  to  post  office.  Schedule  maintained  was  intermittent  and  changeable. 

OATH. 

District  op  Columbia, 

City  of  Washington , ss: 

We,  the  undersigned,  B.  F.  Machlan,  president,  and  R.  G.  Bowen,  ofWashington 
Missionary  College,  on  our  oath  do  severally  say  that  the  foregoing  return  has  been 
prepared,  under  our  direction,  from  the  original  books,  papers  and  records  of  said 
respondent,  that  we  have  carefully  examined  same,  and  declare  the  same  to  be  a com- 
plete and  correct  statement  of  the  business  and  affairs  of  said  respondent  in  respect  to 
each  and  every  matter  and  thing  therein  set  forth;  and  that  the  accounts  and  figures 
contained  in  the  foregoing  return  embrace  all  of  the  financial  operations  of  said  re- 
spondent during  the  period  for  which  said  return  is  made,  to  the  best  of  our  knowledge, 
information,  and  belief.  Ml 

B.  F.  Machlan,  President . 

R.  G.  Bowen. 

Subscribed  and  sworn  to  before  me,  this  2d  day  of  February,  1917. 

[seal.]  H.  Edson  Rogers. 


185 


AFFIDAVITS. 


POSTAL  TELEGRAPH-CABLE  CO. 

State  of  New  York, 

County  of  New  York , ss: 

I,  Joseph  J.  Cardona,  assistant  treasurer  of  the  Postal  Telegraph-Cable  Co.,  having 
been  duly  sworn,  hereby  certify  that  under  the  system  of  accounting  in  use  by  this 
company,  it  will  be  impossible  to  render  a correct  report  containing  the  statistics 
shown  on  the  form  for  report  to  the  Public  Utilities  Commission  of  the  District  of 
Columbia,  covering  the  year  1916,  on  the  date  on  which  this  report  is  required,  namely, 
February  1,  1917. 

Joseph  J.  Cardona, 

Assistant  Treasurer. 

Personally  appeared  Joseph  J.  Cardona,  who  signed  the  above  affidavit  and  on  his 
oath  does  say  that  the  same  is  true  to  the  best  of  his  knowledge,  information,  and  belief. 
[seal.]  Robert  J.  Hall, 

Notary  Public , Kings  County , No.  65. 
(Certificate  filed  in  New  York  County,  No.  136.) 


SEMMES  MOTOR  CO, 

I,  J.  Eastwood  Kane,  general  bookkeeper  of  the  Semmes  Motor* Line  (Inc.),  having 
been  duly  sworn,  hereby  certify  that  it  will  be  impossible  to  render  a correct  report 
containing  the  statistics  shown  on  the  form  for  report  of  the  Public  Utilities  Com- 
mission of  the  District  of  Columbia  covering  the  year  1916  on  the  date  on  which  this 
report  is  required,  namely,  February  1,  1917,  and  respectfully  request  that  I be 
granted  an  extension  of  one  month  to  prepare  report. 

Very  truly,  yours, 

J.  E.  Kane. 

Subscribed  and  sworn  to  before  me  this  30th  day  of  January,  A.  D.  1917. 

[seal.]  Rae  A.  Serwer, 

Notary  Public , District  of  Columbia. 

Commission  expires  November  2,  1920. 


AUTO  LIVERY  CO.  AND  FEDERAL  TAXICAB  CO. 

District  of  Columbia,  ss: 

George  M.  Mattingly,  being  first  duly  sworn,  upon  his  oath  deposes  and  says  that  he 
is  the  auditor  of  the  Auto  Livery  Co.  apd  the  Federal  Taxicab  Co.  and  makes  this 
affidavit  on  behalf  of  each  of  said  companies  for  an  extension  of  the  time  within  which 
to  file  the  report  required  to  be  filed  by  said  companies  February  1 ; that  owing  to  the 
pressure  of  work  in  the  office  and  the  detail  necessarily  incident  to  the  preparation 
of  said  reports,  he  will  be  unable  to  furnish  said  report  before  March  1,  and  asks  on 
behalf  of  said  companies  for  an  extension  of  time  until  March  1. 

George  M.  Mattingly. 

Subscribed  and  sworn  to  before  me  this  1st  day  of  February,  1917. 

[seal.]  Lawrence  O.  Mallery. 

Notary  Public , District  of  Columbia. 


186 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  187 


WASHINGTON  & MARYLAND  RAILWAY  CO. 

District  of  Columbia, 

City  of  Washington , ss: 

I,  Josephine  A.  Alexander,  a notary  public  in  and  for  the  said  District,  hereby 
certify  that  Charles  Selden,  jr.,  personally  appeared  before  me  this  31st  day  of  Janu- 
ary, A.  D.  1917,  and  made  oath  in  due  form  of  law;  that  he  is  the  president  of  the 
Washington  & Maryland  Railway  Co.,  and  also  made  oath  in  due  form  of  law  that  it 
is  impossible  for  the  said  railway  company  to  complete  its  annual  report  to  be  filed 
in  accordance  with  law  with  the  Public  Utilities  Commission  of  the  District  of  Colum- 
bia, and  prays  the  said  commission  for  an  extension  of  time  for  filing  its  report  of 
30  days  from  the  31st  day  of  January,  1917. 

Charles  Selden,  Jr., 

President  Washington  <k  Maryland  Railway  Co. 

Subscribed  and  sworn  to  before  me  this  31st  day  of  January,  1917. 

[seal.]  Josephine  A.  Alexander, 

Notary  Public. 


WASHINGTON  INTERURBAN  RAILWAY  CO. 

District  of  Columbia,  ss: 

William  F.  Ham,  upon  oath,  says  that  he  is  vice  president  and  comptroller  of  the 
Washington  Interurban  Railroad  Co.;  that  it  is  his  duty  to  have  supervision  of  the 
books  of  account  of  said  company;  that  on  account  of  the  voluminous  report  required 
by  the  Public  Utilities  Commission  and  the  short  length  of  time  intervening  since 
closing  the  accounts  for  the  year  ended  December  31,  1916,  it  will  be  impossible  to 
file  on  or  before  the  1st  day  of  February,  1917,  the  balance  sheet  of  said  company, 
together  with  such  other  information  as  the  commission  has  prescribed. 

He  further  states  that  to  complete  and  properly  check  said  report  will  require  a 
further  period  of  time  and  that  said  report  will  be  filed  not  later  than  February  28, 1917. 

William  F.  Ham. 

Sworn  to  and  subscribed  before  me  this  31st  day  of  January,  1917. 

[seal.]  J.  E.  Tenly, 

Notary  Public,  District  of  Columbia. 


POTOMAC  ELECTRIC  POWER  CO. 


District  of  Columbia,  ss: 

William  F.  Ham,  upon  oath,  says  that  he  is  vice  president  and  comptroller  of  the 
Potomac  Electric  Power  Co.;  that  it  is  his  duty  to  have  supervision  of  the  books  of 
account  of  said  company;  that  on  account  of  the  voluminous  report  required  by  the 
Public  Utilities  Commission  and  the  short  length  of  time  intervening  since  closing 
the  accounts  for  the  year  ended  December  31,  1916,  it  will  be  impossible  to  file  on  or 
before  the  1st  day  of  February,  1917,  the  balance  sheet  of  said  company,  together 
with  such  other  information  as  the  commission  has  prescribed. 

He  further  states  that  to  complete  and  properly  check  said  report  will  require  a 
iurther  period  of  time  and  that  said  report  will  be  filed  not  later  than  February  28, 1917. 

William  F.  Ham. 

Sworn  to  and  subscribed  before  me  this  31st  day  of  January,  1917. 

[seal.]  J.  E.  Tenly, 

Notary  Public , District  of  Columbia. 


188  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA. 


WASHINGTON  RAILWAY  & ELECTRIC  CO. 

District  of  Columbia,  ss: 

William  F.  Ham,  upon  oath,  says  that  he  is  vice  president  and  comptroller  of  the 
Washington  Railway  & Electric  Co.;  that  it  is  his  duty  to  have  supervision  of  the 
books  of  account  of  said  company  ; that  on  account  of  the  voluminous  report  required 
by  the  Public  Utilities  Commission  and  the  short  length  of  time  intervening  since 
closing  the  accounts  for  the  year  ended  December  31,  1916,  it  will  be  impossible  to 
file  on  or  before  the  1st  day  of  February,  1917,  the  balance  sheet  of  said  company, 
together  with  such  other  information  as  the  commission  has  prescribed. 

He  further  states  that  to  complete  and  properly  check  said  report  will  require  a 
further  period  of  time,  but  that  said  report  will  be  filed  not  later  than  February  28. 
1917. 

William  F.  Ham. 

Sworn  to  and  subscribed  before  me  this  31st  day  of  January,  1917. 

[seal.]  J.  E.  Tenly, 

Notary  Public , District  of  Columbia. 


GEORGETOWN  & TENNALLYTOWN  RAILWAY  CO. 

District  of  Columbia,  ss: 

William  F.  Ham,  upon  oath,  says  that  he  is  vice  president  and  comptroller  of  the 
Georgetown  & Tennallytown  Railway  Co.;  that  it  is  his  duty  to  have  supervision  of 
the  books  of  account  of  said  company;  that  on  account  of  the  voluminous  report 
required  by  the  Public  Utilities  Commission  and  the  short  length  of  time  intervening 
since  closing  the  accounts  for  the  year  ended  December  31,  1916,  it  will  be  impossible 
to  file  on  or  before  the  1st  day  of  February,  1917,  the  balance  sheet  of  said  company, 
together  with  such  other  information  as  the  commission  has  prescribed. 

He  further  states  that  to  complete  and  properly  check  said  report  will  require  a 
further  period  of  time  and  that  said  report  will  be  filed  not  later  than  February  28, 
1917. 

William  F.  Ham. 

Sworn  to  and  subscribed  before  me  this  31st  day  of  January,  1917. 

[seal.]  J.  E.  Tenly, 

Notary  Public , District  of  Columbia. 


CITY  & SUBURBAN  RAILWAY  OF  WASHINGTON. 

District  of  Columbia,  ss: 

William  F.  Ham,  upon  oath,  says  that  he  is  vice  president  and  comptroller  of  the 
City  & Suburban  Railway  of  Washington;  that  it  is  his  duty  to  have  supervision  of 
the  books  of  account  of  said  company;  that  on  account  of  the  voluminous  report 
required  by  the  Public  Utilities  Commission  and  the  short  length  of  time  intervening 
since  closing  the  accounts  for  the  year  ended  December  31,  1916,  it  will  be  impossible 
to  file  on  or  before  the  1st  day  of  February,  1917,  the  balance  sheet  of  said  company, 
together  with  such  other  information  as  the  commission  has  prescribed. 

He  further  states  that  to  complete  and  properly  check  said  report  will  require  a 
further  period  of  time  but  that  said  report  will  be  filed  not  later  than  February  28. 
1917. 

William  F.  Ham. 

Sworn  to  and  subscribed  before  me  this  31st  day  of  January,  1917. 

[seal.]  J.  E.  Tenly, 

Notary  Public , District  of  Columbia . 


BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OF  COLUMBIA.  189 


CHESAPEAKE  & POTOMAC  TELEPHONE  CO. 


State  op  New  York, 

County  of  New  York,  ss: 

Jacob  S.  Wiley,  being  duly  sworn,  deposes  and  says  that  he  is  general  auditor  of 
the  Chesapeake  & Potomac  Telephone  Co.,  having  its  office  at  No.  15  Dey  Street,  New 
York,  N.  Y.;  that  he  is  the  head  of  the  accounting  department  of  said  company,  and 
is  familiar  with  its  affairs;  that  he  has  received  a request  from  the  Public  Utilities 
Commission  of  the  District  of  Colombia  for  a report  by  the  Chesapeake  & Potomac 
Telephone  Co.  for  the  year  ending  December  31,  1916,  to  be  filed  with  the  commission 
on  or  before  February  1,  1917;  that  it  will  be  physically  impossible  to  compile  and 
make  this  report  by  February  1,  1917,  for  the  following  reasons: 

The  report,  with  the  necessary  supplemental  folios,  will  consist  of  approximately 
70  sheets  comprising  income  account  for  the  calendar  year  1916,  and  balance  sheet  at 
December  31,  1916,  with  a number  of  schedules  pertaining  to  operating  statistics. 

It  should  be  borne  in  mind  in  connection  with  the  report  that  the  books  of  the  com- 
pany are  not  closed  until  about  January  22,  1917.  This  is  due  to  the  fact  that  the 
company  operates  not  only  in  the  District  of  Columbia  but  in  parts  of  the  State  of 
West  Virignia  and  territory  in  the  State  of  Maryland  adjacent  to  the  District  of  Colum- 
bia. and  it  is  necessary  to  compile  reports  pertaining  to  current  operations  in  the  field 
and  to  summarize  these  reports  into  a form  to  be  taken  into  the  books  of  the  company. 
Furthermore,  the  various  schedules  prescribed  in  the  report  form  will  require  the 
compilation  of  a vast  amount  of  detail  statistics  from  the  several  departments  of  the 
company. 

Upon  receipt  of  the  report  form  it  was  carefully  studied,  and  arrangements  were 
perfected  for  the  compilation  of  data  for  the  several  schedules.  This  work  has  been 
diligently  prosecuted,  and  from  a review  of  its  present  status  it  is  the  deponent’s 
opinion  that  it  will  not  be  possible  to  compile  and  prepare  the  report  for  filing  before 
March  31,  1917.  Every  effort,  however,  will  be  made  to  file  the  report  at  an  earlier 
date,  if  it  is  possible  to  do  so. 

Deponent,  therefore,  respectfully  represents  and  requests  that  the  Public  Utilities 
Commission  of  the  District  of  Columbia  allow  the  Chesapeake  & Potomac  Telephone 
Co.  until  March  31,  1917,  to  make  up  and  return  the  annual  report  called  for  by  the 
commission. 

Jacob  S.  Wiley. 


Subscribed  and  sworn  to  before  me  this  22d  day  of  January,  1917. 

[seal.]  Edward  C.  Ryder, 

Notary  Public , Bronx  County. 

My  commission  expires  March  30,  1917. 


western  union  telegraph  co. 

State  of  New  York, 

County  of  New  York,  ss: 

H.  W.  Ladd,  being  first  duly  sworn,  deposes  and  says  that  he  is  general  auditor  of  the 
Western  Union  Telegraph  Co.,  residing  in  the  city,  county  and  State  of  New  York. 
That  he  is  connected  with  the  accounting  department  of  said  company,  and  is  familiar 
with  its  affairs,  matters,  etc. 

That  he  has  received  the  request  from  the  Public  Utilities  Commission  of  the  Dis- 
trict of  Columbia  for  a report  by  the  Western  Union  Telegraph  Co.  for  the  year  ending 
December  31, 1916,  to  be  made  upon  the  commission’s  Form  D6510-14,  to  be  filed  with 
the  commission  on  or  before  February  1,  1917.  That  it  will  be  physically  impossible 
to  compile  and  make  this  report  by  February  1,  for  the  following  reasons: 

The  report  covers  the  calendar  year  ended  December  31, 1916,  and  requires,  in  addi- 
tion to  other  information,  a balance  sheet  as  at  the  close  of  the  year,  and  an  income 
account  for  the  whole  year.  The  business  of  the  Western  Union  Telegraph  Co.  is  con- 
ducted in  every  State  in  the  Union  and  the  transactions  in  connection  therewith  are 
of  great  variety  as  well  as  being  very  large  in  volume.  Besides  operating  in  the  United 
States,  the  company  has  offices  and  representatives  in  the  maritime  Provinces  of  Can- 
ada, in  Cuba,  England,  Ireland,  and  on  the  Continent.  The  regular  employees 
number  approximately  32,000,  and  in  addition  there  are  joint  employees  to  the  num- 
ber of  approximately  18,000. 


190  BALANCE  SHEETS  PUBLIC  UTILITIES  DISTRICT  OE  COLUMBIA. 

It  would  require  considerable  space  to  present  a brief  comprehensive  description 
of  the  capacity  of  the  organization  and  business  of  the  company,  and  it  may  suffice 
to  say  that  the  company’s  land  line  organization  is  (first)  functionalized  as  between 
plant,  traffic,  commercial  and  executive  matters,  with  superintendents,  general  man- 
agers, and  officers  in  charge,  respectively,  and  (second)  that  the  United  States  is  di- 
vided, for  operating  purposes,  into  six  divisions,  at  the  head  of  which  are  general 
officers  with  some  75  superintendents  reporting  to  them,  and  this  organization  is  ex- 
clusive of  that  operating  the  company’s  cable  business. 

The  company  has  more  than  25,000  offices  in  the  United  States  alone,  and  operating 
contracts  with  most  of  the  railroads  in  this  country.  The  accounts,  including  dis- 
bursements made  by  superintendents  for  construction  and  maintenance,  are  forwarded 
monthly  to  division  auditors,  who  in  turn  audit  the  accounts,  and  prepare  summary 
statements  to  send  to  the  main  office  at  New  York.  The  company’s  revenue  and  in- 
come last  year  was  between  63  and  64  million  dollars,  and  made  up  of  a vast  number 
of  small  items. 

In  addition  to  the  time  required  to  prepare  the  foregoing  accounts,  there  will  be  addi- 
tional delays  incident  to  the  preparing  of  inventories,  review  of  reserves,  adjustment 
of  accounts,  etc.,  all  of  which  will  take  time.  In  this  connection  it  is  stated  that  the 
time  regularly  allowed  for  the  preparation  and  filing  of  our  annual  reports  with  other 
commissions  which  call  for  them,  and  which  times  are  frequently  extended  upon  our 
request,  are,  as  to  some  of  the  States  by  way  of  illustration,  as  follows:  Public 
Service  Commission  of  New  York,  60  days;  Public  Service  Commission  of  Vermont, 
60  days;  Public  Service  Commission  of  Massachusetts,  90  days;  Public  Service  Com- 
mission of  Ohio,  60  days;  Public  Utilities  Commission  of  Connecticut,  75  days. 

Your  affiant  therefore  respectfully  represents  and  requests  that  the  Public  Utilities 
Commission  of  the  District  of  Columbia  allow  the  western  Union  Telegraph  Co.  until 
March  15, 1917,  to  make  up  and  return  the  annual  report  called  for  by  the  commission’s 
Form  No.  6510-14  “Annual  Report  Form  D,”  with  the  assurance  that  the  said  report 
will  be  compiled  and  filed  just  as  soon  as  it  can  reasonably  be  done  in  the  complete 
form  requested. 

And  further  this  affiant  sayeth  not. 

H.  W.  Ladd. 

Subscribed  and  sworn  to  before  me  this  20th  day  of  January,  1917. 

[seal.]  C.  A.  Van  Brunt, 

Notary  Public ? Kings  County , No.  6. 

My  commission  expires  March  30,  1918. 


o 


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